Tag Archives: Richard Brown

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 …

Gaming Innovation Group (GiG) states that it is on track to declare 2023 as its best year in business, following the results and achievements of a record breaking Q2 trading performance. Publishing its latest corporate update, GiG achieved ‘all-time high’ Q2 2023 group revenues of €31m, up 40% on corresponding 2022 results of €22m. The headline growth of the igaming …

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 …

Glitnor Group has significantly strengthened its senior leadership team after naming Richard Brown as its new Chief Executive Officer.  Brown previously held the role of CEO at Gaming Innovation Group (GiG), having stepped down in May of this year. He is expected to begin his tenure at Glitnor Group in January 2024. His appointment, Glitnor Group explained, marks the beginning …

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 …

Gaming Innovation Group (GiG) cites full confidence in achieving its 2023 financial and commercial objectives, as tech units achieve all-time-high results.     Publishing its Q1 2023 trading update, GiG announced ‘impressive group-wide results’ for Q1 2023, generating all-time high corporate revenues of €28.4m, a 49% year-on-year increase on 2021 results of €19m.   Peak revenue performance led the technology group to achieve …

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 …

Gaming Innovation Group (GiG) has reported ‘all-time high’ revenues for its Media, Platform and Sportsbook services, driving substantial business growth for the firm during Q4 2022. Total quarterly revenue rose year-on-year by 44% from €18.1 to €26m, with adjusted EBITDA up 71% to €10.8m (Q4 2021: €6.3m), with a margin of 41.4% (34.9%). EBIT, meanwhile, stood at €4m, an 80% …

Gaming Innovation Group (GiG) has lauded a diversification of its offering and expansion of geographic reach by finalising its acquisition of AskGamblers.com. An agreement was reached by the B2B betting and gaming supplier to purchase the affiliate network from Catena Media for €45m in December 2022, as the latter sought to streamline its focus on North America.  GiG will integrate …

Gaming Innovation Group (GiG) has signed its latest platform deal, as a busy commercial year for the firm draws to a close, partnering with LuckyBet. The B2B supplier will provide the online casino operator with its platform solution, as its new client pursues growth in international and emerging markets with a focus on personalised gameplay.  Included under the terms of …