Tag Archives: GIG

GiG calls for a strategic review as B2B performance flops

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 makes Croatia play by acquiring majority stake in Top Games

Stockholm-listed Gaming Innovation Group (GiG) has this afternoon confirmed that it has agreed to acquire a 75% stake in ‘Top Games d.o.o.’ – a Croatian gambling enterprise which maintains a remote gambling permit. Updating investors, GiG governance states that the agreement will allow the company to launch its in-house B2C brands for the Croatian market, in which GiG will move …

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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 …

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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 …

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Betfred safeguards marketing arm with GiG comply

Stockholm listed Gaming Innovation Group (GiG), announces Betfred as the latest industry tier-1 incumbent to partner with its GiG comply software. Betfred is set to strengthen compliance dynamics across its digital marketing inventory, integrating GiG Comply provisions, safeguarding regulatory demands by monitoring third party marketing activities. Helping operators adhere to diverse marketing compliance standards across multiple jurisdictions, GiG Comply is …

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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 …

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Betsson partnership sees GIG Comply maintain its tier1 status

Stockholm-listed online gambling group Betsson AB has become the latest industry incumbent to integrate Gaming Innovation Group’s ‘GIG Comply’ provisions across its digital marketing operations. Updating stakeholders, Betsson details that it has integrated the industry’s most sophisticated ‘compliance screening tool’ to support its ongoing multi-brand marketing campaigns. Helping operators adhere to diverse marketing compliance standards across multiple jurisdictions, GiG Comply is …

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GiG maintains global agenda despite tough H1 2019 trading

Despite facing ‘toughened regulatory environments’, the governance of Gaming Innovation Group (GiG) details confidence in the firm’s overriding corporate strategy, pursuing ‘global geo expansion’ growth through ‘strong B2B partnerships’ coupled with ‘internal B2C’ brand launches within ‘selected markets’. Publishing its first interim results as a Stockholm-listed enterprise, GiG records H1 2019 group revenues of €63 million, down 14% on corresponding …

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Chris Armes leads new look GiG executive tech team

Supporting its corporate ambitions of becoming the global leader in online gambling B2C and B2B technology provisions, Gaming Innovation Group (GiG) has moved to restructure its executive technology leadership team. This morning GiG governance confirms that appointment of Chris Armes as Chief Information Officer (CIO), joining the Stockholm-listed enterprise from rival SG Digital, where he formerly served as Chief Technology …

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GiG ramps up emerging markets profile with Mediacle

Stockholm-listed Gaming Innovation Group (GiG) has appointed industry full-service marketing agency Mediacle Group to expand its localisation capacities for emerging markets. The agreement will see Mediacle work on optimising emerging market campaigns for GiG’s flagship online casino property Rizk (Rizk.com). Operating as a specialist industry marketing agency, Mediacle offers in-depth customisation and localisation provisions, helping its clients develop effective campaigns …

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