Gaming Innovation Group (GiG) has formed a strategic partnership with Betgenius to boost its sports data, trading and risk management provisions, and further the sportsbook capacity of its flagship B2B platform. The agreement will see GiG utilise Betgenius’ end-to-end live data, trading and risk management services to upgrade all sportsbook provisions for regulated market partners. 2020 has marked a year …
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Gaming Innovation Group (GiG) has stated that it has delivered on ‘several strategic directives’ as the firm sets out on its new ambition to become the industry’s ‘leading global tier-1 B2B supplier’. Publishing its Q2 2020 trading statement, GiG pointed to ‘continued quarterly growth’, recording a 47% increase in group revenues to €16.7 million (Q2 2019 -€11.3m). Following the divestment …
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Gaming Innovation Group (GiG) has strengthened its systems testing and security oversight of technology applications after signing a comprehensive agreement with Checkmarx. Under the agreement, Checkmarx will provide GiG with stat application security testing (SAST) provisions, allowing the Stockholm-listed technology group to meet its client scale and build-quality demands. Checkmarx is recognised as one of the leading digital security testing …
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Gaming Innovation Group (GiG) has announced the recent expansion of its sports news and entertainment coverage in the US via a new podcast partnership between its flagship brand, World Sports Network (WSN.com), and expert sports bettor Bill Krackomberger. Krackomberger commented on the new show, saying: “I’ve been approached to do podcasts before but I believe this is the right place for it. After betting …
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Following four consecutive quarters of decline, a reformed Gaming Innovation Group (GiG) has welcomed a return to performance growth. As part of its Q1 2020 trading update, the Stockholm-listed online gambling technology supplier explained that it is benefiting from a group transformation and cost savings programme implemented during 2019, as corporate revenues return to €31m (Q1 2019: €32m). Operational highlights …
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Gaming Innovation Group (GiG) has maintained its 2020 corporate agenda, confirming that it intends to fully divest its entire B2C unit to Stockholm counterpart Betsson AB by mid-April. Last February, GiG accepted a €31 million cash and shares deal offered by Betsson to divest its entire B2C unit, including control of its flagship properties Rizk, Guts, Kaboo and Thrills. Agreeing …
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A restructured Gaming Innovation Group (GiG) has formed a strategic partnership with IT and engineering studio GroupVery improving its clients’ all-round web development and operating capacities. The London-based studio will be handling frontend development of GiG’s platform services for customers needing specific requirements. Operating since 2017, GroupVery has developed a specialist engineering team developing and maintaining customised frontends for high-volume and …
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Stockholm-listed Gaming Innovation Group (GiG) has detailed confidence in its future outlook and prospects as the company transitions to becoming a single-focus B2B technology incumbent. This morning, GiG published its Q4 2019 results, recording corporate declines across all major operating metrics and citing a number of factors impacting both B2C and B2B performance. Recording a 26% decline in Q4 2019 …
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Issuing a market filing this morning, Stockholm-listed Gaming Innovation Group (GiG) has disclosed that it will divest its entire B2C unit to Betsson AB. The company confirmed that it has agreed terms on a share purchase agreement worth €31 million, consisting of a €22.3 million cash payment for the assets on top of a further €8.7 million prepaid platform fee. …
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Stockholm-listed Gaming Innovation Group (GiG) has announced a major partnership renewal as leading UK online bookmaker bet365 extends its existing agreement with ‘GiG Comply’. In 2019, bet365 become one of the first tier-1 betting operators to deploy GiG Comply marketing compliance tools and safeguards. GiG Comply helps regulated incumbents adhere to diverse marketing standards and regulations with its system able …
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