Gentoo Media has revealed a 15th consecutive quarter of record revenue growth, maintaining its commercial momentum following its recent split from Gaming Innovation Group (GiG). In Q3 2024, revenues soared to €30.4m (Q3 2023: €22.5m) and represented a 35% growth YoY (12% organic) – as headline revenues stood in-line with Gentoo’s preliminary statement issued in October. Adjusted EBITDA stood at …
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GiG to conclude Media & Platform split on 30 September
Gaming Innovation Group (GiG) has confirmed to the markets that the strategic split of its business will be formally completed on 30 September 2024. Investors of the Stockholm-Nasdaq technology group were informed of key dates for the remaining procedures for GiG to conclude the split of its Media and Platform businesses into separate entities. As mandated, GiG will host a …
Read More »GiG Media stands alone as ‘new rebel’ Gentoo Media
Gaming Innovation Group (GiG) has announced the spin-off of its Media unit, which will now operate under the standalone identity of ‘Gentoo Media’. This morning’s announcement sees GiG complete its corporate directive to split its Tech and Media units into separate businesses, as GiG Media becomes Gentoo. Investors were informed: “The rebrand marks a significant milestone in the company’s history …
Read More »GiG Media onboards new SEO team acquiring Titan Inc for €3m
Gaming Innovation Group (GiG) has moved to strengthen its SEO and content marketing services by acquiring digital media agency Titan Inc Limited. Announced this morning, GiG has secured ‘heads-of-terms’ to acquire UK-based Titan, a specialist supplier of SEO optimised content services for iGaming media campaigns for €3.2m. Dealmakers cited: “This strategic acquisition will significantly enhance GiG’s operational efficiency and market …
Read More »GiG reports ‘all-time high’ Q1 ahead of platform and media split
GiG has revealed it has performed itss ‘13th successful quarter’ in the latest quarterly update from the company. Petter Nylander, GiG Chairman of the Board, said that they are ‘proud’ of another all-time-high revenue,driven by organic and M&A developments across its media and sportsbook ventures. Presented by Jonas Warrer, CEO Media and Group CEO, the reported revenue generated by GiG …
Read More »GiG issues €75m bond ahead of big break-off
Gaming Innovation Group (GiG) has successfully issued €75m in senior secured bonds to increase capital funds available for its business. The bond is made up of two tranches of €45m and SEK350m (€30m) and allows GiG to expand the bond’s total borrowing limit to “€100m equivalent, related to this issue.” Proceeds from the bond will be used to fully repay …
Read More »GiG acquires KaFe Rocks after closing stellar Q3 trading
Gaming Innovation Group (GiG) has reported another successive quarter of revenue growth ahead after announcing its resumption of M&A activity in pursuit of a stronger US profile. On track for ‘world leader’ ambitions Group-wide revenue for the quarter reached an ‘all time high’ of €31.8m, up 39% year-on-year from corresponding Q3 2022 figures of €22.9m, whilst EBITDA also rose 61% …
Read More »GiG enhances Comply solution for Betway affiliates
Gaming Innovation Group (GiG), has enhanced its agreement with Betway, the flagship sportsbook brand of Super Group Inc, providing its automated affiliate media compliance and screening tool – GiG Comply. Developed by GiG’s media unit, the Comply tool helps ensure affiliate programmes are fully aligned with all brand and responsible gaming requirements of respective markets. Jonas Warrer, CEO of the …
Read More »GiG readies for break-up as Brown ends all CEO duties
Gaming Innovation Group (GiG) has announced that, effective today, Richard Brown has ended all duties as CEO of the Nasdaq-listed igaming platform and media services provider. The pending resignation of Brown was officially announced to GiG investors on 29 May 2023, as Brown is set to become the new CEO of Glitnor Group from January 2024, taking leadership of the …
Read More »GiG extends Media Comply services for Merkur
Gaming Innovation Group (GiG) has extended its media and marketing compliance services for Merkur, the flagship brand of the German heritage gambling firm, Gauselmann Group. The extension of automated affiliate marketing services and media compliance monitoring tools is necessary for Merkur and its online brands to be fully compliant with the regulatory changes of the Fourth Interstate Treaty (GlüNeuRStv) market. …
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