Tag Archives: Petter Nylander

GiG nails down standalone records ahead 2024’s tech & media split 

SBC News GiG nails down standalone records ahead 2024’s tech & media split 

Gaming Innovation Group (GiG) has achieved record-breaking financial results as the tech group moves to split its platform and media units into standalone businesses in 2024. Publishing its Q4 and full-year 2023 results this morning, GiG concluded its final quarter as a combined sportsbook platform and igaming media supplier, achieving ‘all-time high’ revenues of €35.6m, up 37% on the corresponding …

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GiG acquires KaFe Rocks after closing stellar Q3 trading

GiG

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% …

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GiG readies for break-up as Brown ends all CEO duties

GiG

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 …

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Richard Carter takes on leadership role for GiG divestment plans

Gaming Innovation Group (GiG)

Gaming Innovation Group (GiG) has named Richard Carter as the CEO of its Platform and Sportsbook division ahead of a major restructuring of the business later this year. Carter’s background has extensive experience of international betting and igaming markets, which GIG believes has bestowed him with strong knowledge of its business operations and needs. The new hire was CEO of …

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Sportnco unifies shareholder vote to bolster GIG future 

SBC News Sportnco unifies shareholder vote to bolster GIG future 

Following the news that ex-Sportnco shareholders have formed a concerted action that now represents 8.2% of the Gaming Innovation Group (GiG) shareholding, SBC News spoke with its representative Hervé Schlosser to find out more about how the investment fits into the group’s plans.  The action means that around 70 former Sportnco shareholders now represent the third largest shareholder in GiG …

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GiG confirms 2023 exit of CEO Richard Brown

SBC News GiG confirms 2023 exit of CEO Richard Brown

The board of Gaming Innovation Group (GiG) has confirmed that CEO Richard Brown will conclude his leadership tenure at the Nasdaq Stockholm igaming technology supplier on 31 December 2023. This decision comes as GiG continues its strategic review, announced in February, which upholds the objective of splitting the company into two separate businesses of GiG Media and Platform-&-Sportsbook solutions. Investors …

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GiG examining how to ‘maximise output’ from strategic split

GiG examining how to ‘maximise output’ from strategic split

Gaming Innovation Group (GiG) has begun a strategic review of its business, which could see a separation of the company into two publicly traded enterprises. The review will take place throughout the year, having been ‘initiated immediately’, with a focus on what strategic and operational objectives will need to be achieved for a split between the two respective divisions.  A …

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GiG calls for a strategic review as B2B performance flops

SBC News 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 ends Robin Reed’s CEO tenure with immediate effect

SBC News 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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Unibet to sell off Kambi Sports Solutions

SBC News Unibet to sell off Kambi Sports Solutions

Swedish listed igaming operator – Unibet is set to offload its 95% stake in sports betting service provider Kambi Sports Solutions. The operators senior management are set to take the decision to financially separate its B2B division, as it believes separation away from Unibet operations will aid Kambi Sports future growth within the online sports betting market. Unibet are set …

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