Tag Archives: Gaming Innovation Group

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 …

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The community benefits to complement day-to-day business

community

Making employees happier and more productive during office hours can bring far-reaching benefits for businesses from any sector. However, this focus on well-being has been sweeping the gambling industry in recent years, as companies search for the right community aspects to complement day-to-day diligence. Microgaming was hailed as one of the ‘The 10 top coolest offices in the UK‘ just …

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Norway’s KLP fund terminates all gambling investments

Kommunal Landspensjonskasse (KLP) Norway’s €70 billion public pension fund has confirmed that it will no longer invest in gambling or alcohol-related enterprises. Business news sources have reported that KLP governance has sanctioned a complete sale of its holdings in gambling and alcohol businesses, impacting around 90 firms. Moving forward, KLP states that it will no longer invest in companies that …

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Swedish adjustment sees GiG report Q1 2019 revenue dip

Issuing its first trading statement as a Nasdaq Stockholm-listed enterprise, Gaming Innovation Group (GiG) details a tough opening to 2019 trading, as the company undertakes Swedish market adjustments. Updating investors, GiG records a 13% group revenue decline to €32 million (Q12018: €37m), attributed to anticipated Swedish market costs following the re-regulation of the market. Swedish adjustments impacted GIG’s revenue segments …

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Kindred integrates new GiG Comply technology to monitor affiliate activity

Gaming Innovation Group (GiG) has penned a new deal with Kindred Group which will see them integrate its new B2B marketing compliance technology, GiG Comply, across its business model. The new technology will allow Kindred to track affiliate activity and content across its online betting and gaming brands, ensuring that compliance is upheld. It will also offer the chance to …

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GiG hits 2018 guidance despite difficult year-end landing

Publishing its final trading statement as an Oslo Bors listed enterprise, Gaming Innovation Group (GiG) details that it has fulfilled on expectations set-out in its 2018 corporate guidance, despite facing a turbulent Q4 2018 closing period. Updating investors, GiG informs that during Q4 2018 trading the company would move to write-down four of its ‘in-house brands’ restructuring its B2C division. …

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Industry VC Optimizer Invest splits AM & consultancy functions

Malta-based industry venture capital firm Optimizer Invest has moved to restructure and realign its operations, separating its asset management and consultancy divisions. In connection with the separation, Optimizer Invest informs that its corporate shares in Stockholm-listed Catena Media and Gaming Innovation Group (GiG) will be redistributed to senior partners – Henrik Persson Ekdahl, Andre Lavold and Mikael Riese Harstad.  The …

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Robin Reed: GiG – Stockholm new boy will match the sector’s active opportunities

Robin Reed Chief Executive and Co-Founder of Gaming Innovation Group (GiG) has detailed his firm’s strategic vision and future strategy to new investors, as GIG prepares to end 2019 by listing as a new Stockholm Nasdaq enterprise. Founded six years ago in Oslo, Reed details that GiG’s enterprise founding team have been led by the mission of delivering ‘digital transformation’ …

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Strong B2C & B2B mix delivers Q3 double-digit growth for GiG

Oslo-listed online gambling firm Gaming Innovation Group (GiG) continues its strong 2018 momentum, reporting double-digit growth across all its core corporate metrics and performance KPIs for Q3 2018 trading. Citing group-wide initiatives undertaken to improve profitability and general performance, GiG records operating revenues of €37 million up 21% on Q3 2017’s €30 million. Updating investors, the Oslo enterprise details a …

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GiG Games secures UK B2C supplier licence

Gaming innovation Group (GiG) strengthens its UK provisions, confirming that it has been approved a UK Gambling Commission ‘B2B licence’ allowing the firm to supply its proprietary online casino content. Updating the market, GiG informs that it’s in-house games development studio – ‘GiG Games’ has been approved as games provider by the UKGC, allowing the firm to service its UK-licensed …

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