HappyHour.io has confirmed the appointment of Patrick Soric as Investment & Portfolio Partner of the Malta-based igaming venture capital fund. An expert in corporate finance and private equity, Soric holds a distinguished career in investment banking in which he served as a former partner of Danske Bank (2018-2022) and Luxembourg’s Union Bancaire Privée (2022-2023). HappyHour.io cited: “As Investment & Portfolio …
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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 …
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Kero Gaming has closed an oversubscribed ‘seed-2’ funding round, raising capital of $2m to develop its portfolio of ‘contextual in-game micro betting innovations’. The seed round was led by enterprise-stage VC fund and accelerator Happyhour.io, who backed the Miami start-ups vision to “create Tik-Tok betting experiences for modern sports audiences”. Founded in 2020 by sportstech entrepreneur Tomash Devenishek, Kero’s prospects …
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iGaming venture capital fund and accelerator Happyhour.io has backed Betsala.com – a South American sportsbook brand targeting growth in Chile’s nascent online betting market. The early-stage investment by Happyhour.io follows Betsala establishing its brand in Chile back in 2020, differentiating itself from competitors with a focus on “localised market odds and its unique weekly Free Bet Club.” Betsala holds a …
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HappyHour.io the early stage igaming accelerator of former Gaming Innovation Group (GiG) Co-founder and Chief Executive Robin Reed has confirmed the appointment of Lauren Farrell as the venture’s first Chief Marketing Officer (CMO). Farrell joins HappyHour.io’s executive management team from Stockholm-listed online gambling group LeoVegas AB, where she previously served as a Commercial Strategy Director and as the former Marketing …
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Issuing a market filing this morning, Stockholm-listed Gaming Innovation Group (GiG) has moved to replace Group Chief Executive Robin Eirik Reed with immediate effect. Updating investors, GiG governance said Reed has officially departed the firm’s executive leadership team as of 5 September and will be replaced by GIG Chief Operating Officer (COO) Richard Brown as interim CEO. The company confirmed that …
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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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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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Supporting its corporate ambitions of becoming the global leader in online gambling B2C and B2B technology provisions, Gaming Innovation Group (GiG) has moved to restructure its executive technology leadership team. This morning GiG governance confirms that appointment of Chris Armes as Chief Information Officer (CIO), joining the Stockholm-listed enterprise from rival SG Digital, where he formerly served as Chief Technology …
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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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