Mirroring industry-wide trends, Stockholm-listed Gaming Innovation Group (GIG) reports that Swedish home market adjustments continue to impact its corporate performance. Publishing its Q3 2019 trading update (period ending 30 September), GiG records a 20% decline in corporate revenues to €30 million (Q32018: 37m). Closing October trading, GiG governance issued a Q3 pro-forma guidance detailing that it had been forced to reduce …
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GiG renews ISO Tech Security certificate
Updating stakeholders, Stockholm-listed Gaming Innovation Group (GiG) has confirmed that it has been accredited with ISO-27001 certification for a further year. Sanctioned by the consumer standards and protections NGO the ‘International Organisation for Standardization’, ISO-27001 is regarded as one of the highest-ranking global IT security certificates for technology enterprises. ISO accreditation follows a review of GIG’s technology stack, analysing the …
Read More »GiG appoints HooYu to harmonise KYC lifecycles
Stockholm-listed Gaming Innovation Group (GiG) has appointed HooYu, developer of digital identity verification systems to revamp its customer compliance and KYC frameworks, improving player experience and engagements. Focusing on smoothing customer onboarding disciplines, HooYu is tasked with enhancing GiG’s all-around KYC capacities and processes, at all points of a customer’s lifecycle. Updating stakeholders, Mark Weston, Head of Payments at GiG commented: …
Read More »Cost saving GiG shuts down games studio
Stockholm-listed Gaming Innovation Group (GiG) has has halted investments in developing its proprietary ‘GiG Games’ studio, with immediate effect. The closure of the studio has been undertaken in order for GiG to reduce operational expenditures, whilst further returning the group to the core focuses of developing technology platforms and further igaming provisions. In its statement, GiG details that the closure …
Read More »GIG ends Robin Reed’s CEO tenure with immediate effect
Issuing a market filing this morning, Stockholm-listed Gaming Innovation Group (GiG) has moved to replace Group Chief Executive Robin Eirik Reed with immediate effect. Updating investors, GiG governance said Reed has officially departed the firm’s executive leadership team as of 5 September and will be replaced by GIG Chief Operating Officer (COO) Richard Brown as interim CEO. The company confirmed that …
Read More »GiG suspends Swedish sportsbooks over ‘lack of clarity’ in regulations
Online gambling firm Gaming Innovation Group (GiG) has allegedly halted its sportsbook operations for its proprietary Rizk and Guts brands across Sweden, citing the country’s regulatory framework as the main reason. As reported on igamingbusiness, GiG has argued that the current ‘lack of clarity’ in Swedish gaming laws has meant that the brands will ‘temporarily suspend’ all bets until there …
Read More »GiG expands Euro profile with upcoming Spain & Romania launches
Stockholm-listed Gaming Innovation Group (GiG) has expanded its European footprint by securing new licensing provisions for the markets of Spain and Romania. Updating investors, GiG governance confirms that Spanish gambling regulator DGOJ has granted GiG B2C online sportsbook and casino licences. The company has also disclosed that it will move to launch its flagship RIZK brand for the Spanish market, …
Read More »Eight operators fall foul of Spelinspektionen
Eight gambling operators, including Flutter Entertainment and GVC Holdings, have fallen foul of Spelinspektionen after it was revealed that the operators had been offering betting markets on events where the majority of the players were under the age of 18. Bet365, GVC, The Stars Group, Flutter Entertainment, Gaming Innovation Group (GiG), Bethard Group, Casinostugan Limited and Polar limited had all …
Read More »GiG repositions itself as a ‘sportsbook first’ operator with Guts launch
Online gambling firm Gaming Innovation Group (GiG) has launched its new sportsbook, Guts, which will see the brand reposition itself as a ‘sportsbook first’ operator. New and existing users for the in-house brand’s sportsbook will be able to access an improved UI/UX, fast navigation as well as access to a mobile-focused platform. As part of the new launch, GiG has …
Read More »GiG helps Metal Casino roll out new sportsbook
In collaboration with Gaming Innovation Group (GiG), online gaming operator Metal Casino has launched a new sportsbook, available in jurisdictions covered by UK and Maltese gambling licences. As part of the new agreement, GIG’s omni-channel managed sportsbook solution has been integrated across Metal Casino’s platforms. “We are happy to support Metal Casino entering the world of sports betting,” GiG director …
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