Matthew Saxon has become the new Chief Technology Officer (CTO) of Gaming Innovation Group (GiG). Described as an experienced professional in the sector, Saxon will lead the development of GiG’s solutions including engineering and infrastructure, platform migrations as well as GiG Data and GiG Logic. He has worked across the igaming and financial industry for over 30 years, and now …
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Gaming Innovation Group (GiG) has successfully issued €75m in senior secured bonds to increase capital funds available for its business. The bond is made up of two tranches of €45m and SEK350m (€30m) and allows GiG to expand the bond’s total borrowing limit to “€100m equivalent, related to this issue.” Proceeds from the bond will be used to fully repay …
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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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Andrew Cochrane has joined Gaming Innovation Group (GiG) as Chief Business Officer (CBO) for the B2B igaming developer’s Platform & Sportsbook division. The new hire will be tasked with implementing GiG’s commercial strategies for its platform, sportsbook and AI anchored solutions covering business development, marketing, partnerships and corporate development. This will include a focus on recruitment and locating talent, whilst …
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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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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 …
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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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Sports betting and gaming technology provider SBTech US has strengthened its leadership offering with the appointment of Melissa Riahei, who will take up the role as President. Riahei, who has considerable experience across the gaming and lottery industries, will oversee US operations with the task of focusing on building out the groups’ US infrastructure to support SBTech’s existing customers and establishing its presence …
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Sports betting technology and platform provider SBTech has confirmed that it will be renewing its long-standing partnership with ComeOn which has helped expand ComeOn’s brand exposure across newly regulated markets. The extension to the partnership marks the fifth time this contract between the duo has been renewed, and is hoped to help deliver “differentiated user experiences to players, both in …
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Independent gaming software developer and operator, The Gamesys Group, has collaborated with SBTech to launch the new Virgin Bet platform. Gamesys had launched a competitive tender process to decide upon the supplier of the Virgin Bet brand, with SBTech chosen for the landmark agreement. Gamesys’ Gibraltar Marketing Director, Simon Mizzi, celebrated the launch of the Virgin Bet brand. He said: …
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