Tag Archives: Richard Brown

GiG nets 82% EBITDA increase riding high off Media Services growth

Gaming Innovation Group (GiG) has continued its positive ‘pure B2B momentum’ by registering double-digit Q2 revenue and earnings growth. Publishing its Q2 2021 trading update (period ending 30 June), the Stockholm-listed igaming solutions provider reported group revenues of €16.2 million, up 23% on corresponding 2020 results of €13.2 million. Q2 trading saw GiG’s Media Services division achieve an all-time high …

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GiG to power PlayStar Casino Pennsylvania entry

Gaming Innovation Group (GiG) will now power PlayStar Casino’s expansion into the Pennsylvanian gaming industry after agreeing to supply its iGaming platform technologies. Building on the foundation of their initial partnership, the new long-term partnership will enable PlayStar Casino to make its second US market entry, while GiG will be making its third market debut. Richard Brown, Chief Executive Officer …

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GiG platform growth outrides early regulatory headwinds

Gaming Innovation Group (GiG) has reported a positive start to its 2021 trading, achieving growth targets across all verticals, highlighting the performance of its platform business overcoming regulatory hurdles. Normalised group revenue increased to €15.4 million, a 44% uptake on the 2020 trading figure of €10.7 million, whilst EBITDA rose by 674% from €600,000 to €4.6 million, with the normalised …

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GiG adds safer gambling features to GiG Data platform

Gaming Innovation Group (GiG) will help its partners create a more sustainable playing environment after adding responsible gaming features to its real-time data platform, GiG Data. The new responsible gaming features, which will be enabled by default, will provide GiG’s partners with insights around early detection and end-to-end lifetime monitoring capabilities for players that are likely to be vulnerable.  Stephen …

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GiG finalises partnership with German facing operator

GiG finalises partnership with German facing operator

Gaming Innovation Group (GiG) has finalised its partnership with an ‘established German facing iGaming operator’ ahead of the market’s regulation later this year. The operator, which has not yet been named, will benefit from GiG’s iGaming platform technologies which will be used to power its online casino offering. The agreement, which has a minimum duration of four years, will be …

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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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