Tag Archives: GIG

GiG achieves peak media performance ahead of Sportnco revitalisation

Gaming Innovation Group (GiG) has outlined its confidence in achieving its full-year 2022 commercial and strategic objectives, following a strong start to year trading. Publishing its Q1 trading update (period ending 31 March), GiG achieved ‘all-time high’ corporate revenues of €19 million up 27% on corresponding 2021 results of €15 million. Of significance, the Stockholm Nasdaq firm underlined that all …

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Zecure Gaming refreshes GUTS.com to become Betsson’s new challenger brand  

The GUTS.com brand and website has been refreshed under the domain of Betsson AB subsidiary Zecure Gaming. Betsson took control of GUTS.com, the former flagship online casino and sportsbook property of Gaming Innovation Group (GiG), in Spring of 2020, following its acquisition of GiG’s B2C portfolio for €22m. Ownership of GUTS.com was transferred to Zecure Gaming which was charged with …

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GiG scores new Betway Portugal deal led by Sportnco solutions

Gaming Innovation Group (GiG) has announced that its newly integrated Sportnco subsidiary has secured a commercial agreement to provide system solutions for Betway Portugal (Betway.pt). The partnership agreed with GM Gaming Limited, the operating company of Betway brand in Portugal, for the provisions of Sportnco’s sportsbook and player account management (PAM) solutions. The agreement sees Sportnco expand its existing relationship …

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GiG updates 2022 outlook as Sportnco takeover is settled

Gaming Innovation Group (GiG) has secured all necessary approvals to finalise its acquisition of sports betting systems provider Sportnco. Initiated on 22 December last year, GiG entered a definitive agreement to acquire Sportnco outright for a total consideration of €51m. The deal saw GiG agree to pay an upfront cash payment of €27.8m, with the remaining settlement to be paid …

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GiG achieves peak Q4 results as business returns to black

Gaming Innovation Group (GiG) has achieved ‘all-time–high’ metrics closing its end of year trading, as the Stockholm-listed B2B technology and media services provider returns to full-year profits and positive cash-flow.  Publishing its Q4 2021 trading update, GiG achieved peak revenues of €18.2 million, up 29% on corresponding 2020 results of €14 million. Period trading saw GiG’s Media Services unit continue …

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GiG and Betsson agree three-year partnership extension

Gaming Innovation Group Inc (GiG), the Malta-based igaming tech firm, has extended its long-term agreement with online gaming outfit Betsson Group for the provision of platform and managed services. These include customer service and full business operations across multiple territories.  In a statement, GiG confirmed that the contract extension will run for an additional three years, taking the term of …

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James King: Problem Solved… Flows can demonstrate the beauty of agnostic delivery

2020 and 2021 saw pressures increase on operators’ ability to modify platforms to match market and regulatory demands. Observing arising complexities across the industry’s value chain, James King leads the development of Flows, an industry-tailored innovation platform designed to turbocharge delivery, automate workflows and reduce reliance on technical teams. SBC: Hi James, thanks for this interview. Your new venture Flows …

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GiG secures €45m bond placement to drive media growth 

Finansinspektionen, Sweden’s Financial Supervisory Authority, has approved the prospectus of Gaming Innovation Group (GiG) to list SEK 450 million (€45m) of senior corporate bonds on the Stockholm Nasdaq on 8 December.      Last May, GiG governance disclosed that it would pursue issuing a three-year SEK 450 million senior-secured bond placement with a maximum borrowing capacity of SEK 550 million (€55m). GiG …

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GiG promotes proven talent Nicola Fitton to COO

Gaming Innovation Group (GiG) has confirmed the promotion of Nicola Fitton to Chief Operating Officer (COO) of the Stockholm Nasdaq technology group. The internal appointment follows Fitton’s proven leadership capabilities, having formerly served as GiG’s Director of Media Managed Services since 2019. GiG underscored Fitton’s extensive experience within all commercial disciplines of the igaming sector, in which she has previously …

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