Updating the market Toronto listed igaming platform provider Contagious Gaming has announced the appointment of Craig Loverock as its new Chief Financial Officer (CFO) and Corporate Secretary effective immediately.
Loverock joins Contagious, as the company looks to complete its CAD $7.2 million (£3.6 million) acquisition of Digitote (first announced in September). Contagious governance updated that it had entered a definitive to acquire the outstanding shares of Digitote limited from GmBH Deutschland.
Loverock replaces Adam Kniec as CFO, who had served the firm since it listed on the Toronto stock exchange.
The conformation of Loverock’s appointment comes with Contagious posting revenues of $215,000 for its Q3 2015 performance (period ending 30 September).The Canadian betting firm would report EBIT losses of $453,000 for the period.
Contagious further reported that it had made significant progress on its Goal Time product overhaul. The company through its partnership with UK media publisher Trinity Mirror Group has secured + 3500 registered players.
The firm would additionally announce that it is currently implementing the launch of Goal Time V2 within Digitote’s proprietary platform. Contagious expects the product to be launched by January 2016.