Tag Archives: Robin Reed

Niké prepares for new liberalised market with Gaming Innovation Group as platform provider

Furthering its presence within Eastern European betting markets, Oslo-listed Gaming Innovation Group (GIG) has confirmed that it has entered a platform services partnership with Niké, Slovakia’s largest betting operator. Niké who at present operator over 900 betting points in Slovakia, will integrate GIG’s iGaming Cloud (iGC) platform as the gambling operator prepares for a new regulatory framework for igaming and …

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GIG aims for Malta HQ campus move by Q2 2017

Seeking to attract the best talent in Malta, Gaming Innovation Group (GIG) has announced that it has agreed an 8-year lease to relocate its corporate headquarters to an innovation-led campus building at St. George’s Bay. GIG governance stated that the company would aim to relocate its operations by Q2 2017, detailing that its new HQ would represent a further corporate milestone …

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Gaming Innovation Group acquires Betit Holdings for €54 million

Updating the market, Oslo-listed Gaming Innovation Group (GIG) has confirmed that it has entered a binding agreement to acquire Scandinavian online gambling operator Betit Holdings (Betit) in a deal valued at €54 million. Signing a ‘letter of intent’, GIG is set to issue 153 million new shares in order to inherit Betit assets. Furthermore, industry venture financier Optimizer Invest, a leading …

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Active player increase sees Gaming Innovation Group narrow losses for Q1 2016

Presenting its Q1 2016 update (period ending 31 March) Oslo-listed Gaming Innovation Group (GIG) reported a revenue uplift of 24% to €7.9 million (Q1 2015: €6.4 million). Detailing revenue drivers, GIG governance detailed that the company had witnessed a significant growth in active players during the period, as its online gambling assets recorded ‘92,937 real money’ players for Q1 2016. GIG …

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Gaming Innovation Group strengthens Group management

Gaming Innovation Group (GIG) have recruited Mikael Ångman as the new Chief Operating Officer (COO) of the company effective from 1 September. Furthermore, Katja Laaksonen has been appointed as Managing Director of Guts.Com. Following a period of strong growth in all segments, GIG has initiated a process of establishing Group executive management, which will be responsible for the individual managements …

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Gaming Innovation Group targets Swedish growth with Magenti Media acquisition

Oslo-listed Gaming Innovation Group (GIG) continues its acquisition strategy confirming today that it has acquired Swedish-based affiliate marketing network Magenti Media. GIG is set to take control of Magenti’s industry portfolio which has ‘high-coverage’ positions targeting Swedish casino traffic. GIG governance further detailed that it would incorporate Magenti’s ‘highly experienced’ search engine optimisation team as part of its acquisition. Acquiring …

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Gaming Innovation Group agrees deal to acquire OddsModel

Gaming Innovation Group (GIG) have agreed a deal to acquire sports betting technology company OddsModel. GIG will eventually integrate all OddsModel systems into iGamingCloud’s sportsbook engine, but hope to complete the initial integration process in time for Euro 2016. OddsModel develops technology platforms and statistical models to calculate probabilities of sporting outcomes, generating real-time pricing of pre-match and in-play sports …

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Gaming Innovation Group signs new iGamingCloud agreement

Gaming Innovation Group Inc. (GIG) has signed an agreement with SuprNation to launch its new offering onto GIG’s iGaming Cloud (iGC) platform service. This is the 13th iGC agreement entered into and the total annual contributions from the iGC platform clients adds up to around £4.1m. Robin Reed, CEO of GIG stated: “We are pleased to see that the growth in iGC agreements …

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Gaming Innovation Group issues new share placement with Swedbank Robur Fonder

Issuing a corporate update Oslo listed Gaming Innovation Group (GIG) has detailed that it will look to place 23 million new shares at a target price of NOK 1.95 per share. GIG governance aims to raise an estimated NOK 45 million (€4.8 million) through the planned share placement, which will be directed by Swedbank Robur Fonder a leading Scandinavian asset …

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GUTS.com operator announces first corporate profits

Updating the market on its Q2 corporate performance, Oslo-listed Gaming Innovation Group (GIG) posted an 88% rise in revenues of €4.8 million (£3.4 million) up from Q2 2014’s €2.5 million. GIG, the operating company of igaming and sports betting brand Guts.com, recorded improvements throughout its core top-line metrics, as a stronger revenue generation translated to gains in Q2 EBITDA earnings …

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