Presenting its Q1 2016 update (period ending 31 March) Oslo-listed Gaming Innovation Group (GIG) reported a revenue uplift of 24% to €7.9 million (Q1 2015: €6.4 million). Detailing revenue drivers, GIG governance detailed that the company had witnessed a significant growth in active players during the period, as its online gambling assets recorded ‘92,937 real money’ players for Q1 2016. GIG …
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Gaming Innovation Group agrees deal to acquire OddsModel
Gaming Innovation Group (GIG) have agreed a deal to acquire sports betting technology company OddsModel. GIG will eventually integrate all OddsModel systems into iGamingCloud’s sportsbook engine, but hope to complete the initial integration process in time for Euro 2016. OddsModel develops technology platforms and statistical models to calculate probabilities of sporting outcomes, generating real-time pricing of pre-match and in-play sports …
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