Tag Archives: Robin Reed

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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Swedish adjustment sees GiG report Q1 2019 revenue dip

Issuing its first trading statement as a Nasdaq Stockholm-listed enterprise, Gaming Innovation Group (GiG) details a tough opening to 2019 trading, as the company undertakes Swedish market adjustments. Updating investors, GiG records a 13% group revenue decline to €32 million (Q12018: €37m), attributed to anticipated Swedish market costs following the re-regulation of the market. Swedish adjustments impacted GIG’s revenue segments …

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GiG releases plans to list its shares on Nasdaq Stockholm

Online gambling firm Gaming Innovation Group (GiG) has detailed its plans to list its shares on Nasdaq Stockholm, emphasising that it will begin its first day of trading on Tuesday 26 March, 2019. GiG’s listing requirements have been reviewed by Nasdaq Stockholm, and the firm will be subject to customary conditions and formal approval from the stock exchange, with no …

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GiG hits 2018 guidance despite difficult year-end landing

Publishing its final trading statement as an Oslo Bors listed enterprise, Gaming Innovation Group (GiG) details that it has fulfilled on expectations set-out in its 2018 corporate guidance, despite facing a turbulent Q4 2018 closing period. Updating investors, GiG informs that during Q4 2018 trading the company would move to write-down four of its ‘in-house brands’ restructuring its B2C division. …

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Robin Reed: GiG – Stockholm new boy will match the sector’s active opportunities

Robin Reed Chief Executive and Co-Founder of Gaming Innovation Group (GiG) has detailed his firm’s strategic vision and future strategy to new investors, as GIG prepares to end 2019 by listing as a new Stockholm Nasdaq enterprise. Founded six years ago in Oslo, Reed details that GiG’s enterprise founding team have been led by the mission of delivering ‘digital transformation’ …

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GIG Core powers MRG’s future esport venture

MRG Group has confirmed that it has selected Gaming Innovation Group’s GIG Core platform solution to power its upcoming ‘GLHF.GG’ (working title), e-sports entertainment property. During H1 2018 trading, MRG confirmed that it had invested in a joint-venture project with Stockholm-based esports publisher Gamingzone Entertainment, seek to deliver its first esports-centric property. Updating stakeholders, MRG leadership confirmed that its GLHF.GG …

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Hard Rock expands digital profile with GiG sportsbook

Gaming Innovation Group (GiG) and Hard Rock International have expanded their existing digital services partnership, moving to add a new omni-channel sportsbook product to its existing online casino platform. First announced in June 2018, Hard Rock selected European online gambling technology group GiG as its lead digital services partner, charged with delivering an online casino platform for its regulated state …

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Strong B2C & B2B mix delivers Q3 double-digit growth for GiG

Oslo-listed online gambling firm Gaming Innovation Group (GiG) continues its strong 2018 momentum, reporting double-digit growth across all its core corporate metrics and performance KPIs for Q3 2018 trading. Citing group-wide initiatives undertaken to improve profitability and general performance, GiG records operating revenues of €37 million up 21% on Q3 2017’s €30 million. Updating investors, the Oslo enterprise details a …

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GiG secures UKGC B2B licence for sports betting modules

The UK Gambling Commission (UKGC) has granted Oslo-listed online gambling firm Gaming Innovation Group (GiG) the right to service industry sports betting platform and systems’ provisions at a B2B level. Updating the market, GiG governance confirms that it has secured a complete UKGC B2B licence, which will allow the Oslo enterprise to service its existing white label partners and external …

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GiG receives Information Security Management System accolade

Gaming Innovation Group (GiG) has been awarded the coveted ISO 27001:2013 certification, recognising recent improvements to its Information Security Management System (ISMS). The award covers development, infrastructure, network configuration and associated product operations for gaming services hosted on the GiG Core platform. This accreditation means that GiG is offering its clients and players the highest specification of information security available. …

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