Tag Archives: Richard Brown

Gaming Innovation Group (GiG) has outlined its confidence in achieving its full-year 2022 commercial and strategic objectives, following a strong start to year trading. Publishing its Q1 trading update (period ending 31 March), GiG achieved ‘all-time high’ corporate revenues of €19 million up 27% on corresponding 2021 results of €15 million. Of significance, the Stockholm Nasdaq firm underlined that all …

Gaming Innovation Group (GiG) has secured all necessary approvals to finalise its acquisition of sports betting systems provider Sportnco. Initiated on 22 December last year, GiG entered a definitive agreement to acquire Sportnco outright for a total consideration of €51m. The deal saw GiG agree to pay an upfront cash payment of €27.8m, with the remaining settlement to be paid …

Gaming Innovation Group (GiG) will power the launch of a new sportsbook brand in the Lativan market, FeniBet, in collaboration with one of its long-term partners in the country.  Working with Novomatic AG Group’s Admirāļu klubs, FeniBet’s entry into the Latvian sector is GiG’s third in the country, as the platform and sportsbook provider looks to further consolidate its foothold …

Gaming Innovation Group (GiG) has achieved ‘all-time–high’ metrics closing its end of year trading, as the Stockholm-listed B2B technology and media services provider returns to full-year profits and positive cash-flow.  Publishing its Q4 2021 trading update, GiG achieved peak revenues of €18.2 million, up 29% on corresponding 2020 results of €14 million. Period trading saw GiG’s Media Services unit continue …

Gaming Innovation Group Inc (GiG), the Malta-based igaming tech firm, has extended its long-term agreement with online gaming outfit Betsson Group for the provision of platform and managed services. These include customer service and full business operations across multiple territories.  In a statement, GiG confirmed that the contract extension will run for an additional three years, taking the term of …

The eight executives of Gaming Innovation Group (GiG) have been granted options to buy up to a total of 1,700,000 shares in the company by its Board of Directors.  Identified as ‘key employees’, the executives – all of whom are also detailed as a ‘primary insider’ of the gaming services firm – will be able to purchase shares at NOK …

Gaming Innovation Group (GiG) has confirmed its acquisition of Sportnco, with the aim of strengthening its status as a platform and media provider to the betting and gaming industry. Full completion of GiG’s takeover of turnkey betting and gaming solutions provider is expected in February 2022, and will enable GiG to leverage the company’s in-house developed sportsbook and PAM products. …

Rank Entertainment has signed a new partnership with Gaming Innovation Group (GiG), with the goal of launching its Marina888 into new markets.  The agreement, which is based on a revenue share model and has a minimum duration of five years, will see Rank leverage GiG’s igaming platform to support Marinia888’s international growth. This will include GiG’s player account management solution, …

Gaming Innovation Group (GiG) has secured an agreement with prominent Argentine gaming firm Grupo Slots, powering the launch of the latter’s online sports betting and casino operations.  Designed using GiG’s front-end framework, Grupo Slot’s Jugadon.bet.ar web-based service will target bettors in Buenos Aires. The duo received approval from the city’s gambling authorities on 9 March 2021, obtaining one of seven …

GiG (Gaming Innovation Group) has maintained confidence in its commercial strategy and portfolio of operations, having experienced an uptake revenue amid a number of new partnerships and launches. Updating stakeholders in its Q3 2021 trading results, GiG reported a 20% year-on-year revenue increase to €17 million (2020: €14.2m), whilst EBITDA stood at €5.3 million – a 67% increase on the …