Tag Archives: Richard Brown

GiG reduces 2020 losses clearing pathway to B2B dominance 

Gaming Innovation Group (GiG) has achieved all corporate transformation objectives laid out in 2020, helping the company achieve its long-term goal of becoming online gambling’s most valuable B2B technology supplier.  Citing continued operational efficiencies during Q4 trading, GiG recorded group revenues of €17.3 million – up 66% on corresponding Q4 2019’s €10.4 million. Q4 trading saw the Stockholm-listed technology group …

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GiG pursues new growth opportunities with two convertible loans

GiG pursues new growth opportunities with two convertible loans

Gaming Innovation Group (GiG) has issued a subordinated convertible loan to two Nordic investment funds which will be used to ‘expedite revenue generating activities and enhance future growth’. The €8.5 million loan, which has been issued to Formue Nord A/S and Symmetry Invest A/S, comes as GiG looks to strengthen its cash position and capitalise on new growth opportunities that …

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GiG leads KAK Skopje sportsbook ambitions 

Gaming Innovation Group (GiG) has secured an extension to its existing tech partnership with North Macedonia casino group K.A.K. DOO Skopje (KAK). Recognised as North Macedonia’s biggest casino operator, KAK appointed GiG in September to lead the digital transformation of its flagship ‘LeGrand Casino’. KAK has also recently secured a licence extension allowing it to enter Macedonia’s sports betting marketplace, …

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GiG grows Latvian footprint with SIA Admirāļu Klubs

Gaming Innovation Group (GiG) has agreed a new long-term contract with Latvia’s SIA Admirāļu Klubs. Under the terms of the agreement, which will run for an initial three-year period, SIA Admirāļu Klubs will benefit from GiG’s platform, sportsbook and front-end development to launch its new digital operation in the regulated Latvian market. Commenting on the partnership, a spokesperson for SIA …

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GiG Media MD Jonas Warrer reflects on Q3 growth

Warrer

You may have read about the full company Q3 results for Gaming Innovation Group (GiG) this week, but how about a closer look at GiG Media – the media arm of the business driving growth for igaming clients by generating leads through its digital marketing channels. We got some more feedback from GiG Media’s Managing Director Jonas Warrer (pictured), as …

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Q3 revenues up as platform integration pipeline builds for GiG

GiG

“The third quarter of 2020 has delivered a significant step forward for GiG as a B2B focused organisation,” wrote CEO Richard Brown, as the company’s quarterly revenues reached €17.9m with EBITDA of €3.2m. Adjusted revenues were recorded at €14.2m – an increase of 42% from €10.0m year-on-year, while EBITDA was up by €3.6m. This growth, said Brown, was complemented with …

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Tipwin advances ‘Germany 2021’ strategy with GiG casino and data upgrades  

Gaming Innovation Group (GiG) has continued its ‘B2B drive’ after announcing that it has secured a multi-services agreement with Tipwin Ltd to serve as the DACH region operator’s lead casino platform and data intelligence provider.  Updating the market, GiG confirmed that it has signed a ‘minimum contract term of three years’, in which it will provide Tipwin’s new online casino …

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Betgenius to lead GiG’s B2B sportsbook management

Gaming Innovation Group (GiG) has formed a strategic partnership with Betgenius to boost its sports data, trading and risk management provisions, and further the sportsbook capacity of its flagship B2B platform. The agreement will see GiG utilise Betgenius’ end-to-end live data, trading and risk management services to upgrade all sportsbook provisions for regulated market partners. 2020 has marked a year …

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GiG lauds its ‘B2B makeover’ delivering Q2 growth

Gaming Innovation Group (GiG) has stated that it has delivered on ‘several strategic directives’ as the firm sets out on its new ambition to become the industry’s ‘leading global tier-1 B2B supplier’.  Publishing its Q2 2020 trading statement, GiG pointed to ‘continued quarterly growth’, recording a 47% increase in group revenues to €16.7 million (Q2 2019 -€11.3m).  Following the divestment …

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GiG strengthens sportsbook profile as recovery blossoms

Following four consecutive quarters of decline, a reformed Gaming Innovation Group (GiG) has welcomed a return to performance growth. As part of its Q1 2020 trading update, the Stockholm-listed online gambling technology supplier explained that it is benefiting from a group transformation and cost savings programme implemented during 2019, as corporate revenues return to €31m (Q1 2019: €32m). Operational highlights …

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