Tag Archives: Rizk

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 completes B2C unit offload to Betsson 

Gaming Innovation Group (GiG) has maintained its 2020 corporate agenda, confirming that it intends to fully divest its entire B2C unit to Stockholm counterpart Betsson AB by mid-April. Last February, GiG accepted a €31 million cash and shares deal offered by Betsson to divest its entire B2C unit, including control of its flagship properties Rizk, Guts, Kaboo and Thrills.  Agreeing …

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Transitioning GiG faces B2C and B2B declines closing tough 2019

Stockholm-listed Gaming Innovation Group (GiG) has detailed confidence in its future outlook and prospects as the company transitions to becoming a single-focus B2B technology incumbent. This morning, GiG published its Q4 2019 results, recording corporate declines across all major operating metrics and citing a number of factors impacting both B2C and B2B performance. Recording a 26% decline in Q4 2019 …

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GiG divests B2C arm to Betsson AB for €31 million

Issuing a market filing this morning, Stockholm-listed Gaming Innovation Group (GiG) has disclosed that it will divest its entire B2C unit to Betsson AB. The company confirmed that it has agreed terms on a share purchase agreement worth €31 million, consisting of a €22.3 million cash payment for the assets on top of a further  €8.7 million prepaid platform fee. …

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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 maintains global agenda despite tough H1 2019 trading

Despite facing ‘toughened regulatory environments’, the governance of Gaming Innovation Group (GiG) details confidence in the firm’s overriding corporate strategy, pursuing ‘global geo expansion’ growth through ‘strong B2B partnerships’ coupled with ‘internal B2C’ brand launches within ‘selected markets’. Publishing its first interim results as a Stockholm-listed enterprise, GiG records H1 2019 group revenues of €63 million, down 14% on corresponding …

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GiG divests Highroller.com to focus on core brands

Issuing a market filing Stockholm-listed Gaming Innovation Group (GiG) has confirmed that it has reached an agreement to divest its Highroller (Highroller.com) online casino property to Ellmount Gaming Ltd for a total consideration of €7 million. As part of the agreement, Ellmount will become a B2B customer of GiG services, continuing to operate Highroller utilising GIG’s platform, front-end and managed …

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GiG ramps up emerging markets profile with Mediacle

Stockholm-listed Gaming Innovation Group (GiG) has appointed industry full-service marketing agency Mediacle Group to expand its localisation capacities for emerging markets. The agreement will see Mediacle work on optimising emerging market campaigns for GiG’s flagship online casino property Rizk (Rizk.com). Operating as a specialist industry marketing agency, Mediacle offers in-depth customisation and localisation provisions, helping its clients develop effective campaigns …

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GiG suspends Swedish sportsbooks over ‘lack of clarity’ in regulations

Online gambling firm Gaming Innovation Group (GiG) has allegedly halted its sportsbook operations for its proprietary Rizk and Guts brands across Sweden, citing the country’s regulatory framework as the main reason. As reported on igamingbusiness, GiG has argued that the current ‘lack of clarity’ in Swedish gaming laws has meant that the brands will ‘temporarily suspend’ all bets until there …

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GiG repositions itself as a ‘sportsbook first’ operator with Guts launch

Online gambling firm Gaming Innovation Group (GiG) has launched its new sportsbook, Guts, which will see the brand reposition itself as a ‘sportsbook first’ operator. New and existing users for the in-house brand’s sportsbook will be able to access an improved UI/UX, fast navigation as well as access to a mobile-focused platform. As part of the new launch, GiG has …

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