Gaming Innovation Group

Gaming Innovation Group signs with two new partners in Spain and Argentina

Retrieved on: 
Thursday, March 21, 2024
Corex, Growth, Sport, SIGAR, Partnership, GGR, Statista, Acquisition, Yoy, Gig, USD, Gaming Innovation Group

The first partnership announced is with established Spanish land-based, online casino and sports betting operator Juegging, who will migrate onto GiG's powerful, full-turnkey X-Suite.

Key Points: 
  • The first partnership announced is with established Spanish land-based, online casino and sports betting operator Juegging, who will migrate onto GiG's powerful, full-turnkey X-Suite.
  • The combined X-Suite will grant Juegging the ability to completely revolutionise their sports offering, and greatly expand the number of payment and content providers they can offer to the market.
  • Spain is expected to generate close to €2 Billion of GGR, YoY within the next three years according to the regulator, the DGOJ.
  • Andrew Cochrane, Chief Business Officer at GiG said; "These signings underscore the demand for of our CoreX platform and SportX sportsbook, to drive innovation and expansion for our partners in regulated markets.

Gaming Innovation Group signs with two new partners in Spain and Argentina

Retrieved on: 
Thursday, March 21, 2024
Corex, Growth, Sport, SIGAR, Partnership, GGR, Statista, Acquisition, Yoy, Gig, USD, Gaming Innovation Group

The first partnership announced is with established Spanish land-based, online casino and sports betting operator Juegging, who will migrate onto GiG's powerful, full-turnkey X-Suite.

Key Points: 
  • The first partnership announced is with established Spanish land-based, online casino and sports betting operator Juegging, who will migrate onto GiG's powerful, full-turnkey X-Suite.
  • The combined X-Suite will grant Juegging the ability to completely revolutionise their sports offering, and greatly expand the number of payment and content providers they can offer to the market.
  • Spain is expected to generate close to €2 Billion of GGR, YoY within the next three years according to the regulator, the DGOJ.
  • Andrew Cochrane, Chief Business Officer at GiG said; "These signings underscore the demand for of our CoreX platform and SportX sportsbook, to drive innovation and expansion for our partners in regulated markets.

Gaming Innovation Group reports Q4 2023

Retrieved on: 
Wednesday, February 14, 2024
Catena Media, Yoy, Sportsbook, Samsung Galaxy Note 3, Gaming Innovation Group, Platform, Q&A, Gig, Video game

ST JULIANS, Malta, Feb. 14, 2024 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) reports Q4 2023 revenues* of €35.6 million, up 37% YoY.

Key Points: 
  • ST JULIANS, Malta, Feb. 14, 2024 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) reports Q4 2023 revenues* of €35.6 million, up 37% YoY.
  • "I am delighted to share with you the continued strong performance of our company during the fourth quarter of 2023.
  • Gaming Innovation Group achieved all-time high revenues* in Q4 2023 of €35.6m (26.0), an increase of 37% YoY, whereof 20% organic
    Adjusted for one-offs and split related costs, underlying EBITDA was €14.2 million, up 32%.
  • Chairman of the Board, Petter Nylander will host a presentation of the Q4 2023 results via livestream at 10:00 CET with Jonas Warrer, CEO Media and Group CEO, and Richard Carter, CEO Platform & Sportsbook, attending.

Gaming Innovation Group reports Q4 2023

Retrieved on: 
Wednesday, February 14, 2024
Catena Media, Yoy, Sportsbook, Samsung Galaxy Note 3, Gaming Innovation Group, Platform, Q&A, Gig, Video game

ST JULIANS, Malta, Feb. 14, 2024 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) reports Q4 2023 revenues* of €35.6 million, up 37% YoY.

Key Points: 
  • ST JULIANS, Malta, Feb. 14, 2024 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) reports Q4 2023 revenues* of €35.6 million, up 37% YoY.
  • "I am delighted to share with you the continued strong performance of our company during the fourth quarter of 2023.
  • Gaming Innovation Group achieved all-time high revenues* in Q4 2023 of €35.6m (26.0), an increase of 37% YoY, whereof 20% organic
    Adjusted for one-offs and split related costs, underlying EBITDA was €14.2 million, up 32%.
  • Chairman of the Board, Petter Nylander will host a presentation of the Q4 2023 results via livestream at 10:00 CET with Jonas Warrer, CEO Media and Group CEO, and Richard Carter, CEO Platform & Sportsbook, attending.

Only 21% of Organizations Achieve Their Innovation Goals, as Many Challenges Stand in the Way

Retrieved on: 
Tuesday, November 14, 2023
Professional Services, Data Management, Data Analytics, Technology, Other Technology, Research, Science, Organization, ROI, Workforce, Investment, Learning, Multimedia, Culture, Data analysis, Gaming Innovation Group, CX, Digital, High performance organization, Failure, UK Data Service, Innovation, NTT, Sales, Creative industries, Management, Renewable energy, Growth

(Graphic: Business Wire)

Key Points: 
  • (Graphic: Business Wire)
    The NTT DATA report, “Innovation Index 2023: How North American Organizations are Achieving Growth, Value and High Performance,” explores the primary drivers of innovation, and where organizations focus their resources to support innovation.
  • “A failure to achieve innovation goals leaves organizations at a disadvantage,” said Tanvir Khan, Chief Digital and Strategy Officer, NTT DATA Services.
  • If you wait, you’ll be playing catch-up.”
    Five Significant Challenges Hinder Innovation Initiatives:
    Data Challenge: Innovation depends on data to power technologies like predictive analytics and generative AI, but only 22% of organizations trust their own data.
  • 58% rate the level of their organization readiness in culture as “weak” or “mixed” as it relates to fostering innovation.

Gaming Innovation Group reports Q3 2023

Retrieved on: 
Wednesday, November 8, 2023
Adjustment, Yoy, Q&A, IGaming Business, EBITDA, Gaming Innovation Group, EBIT, Growth, Sportsbook, Note 2, Platform, Gig, Bookkeeping, Nightclub

ST JULIANS, Malta, Nov. 8, 2023 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) reports Q3 2023 revenues* of €31.8 million and an adjusted EBITDA of €23.4 million.

Key Points: 
  • ST JULIANS, Malta, Nov. 8, 2023 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) reports Q3 2023 revenues* of €31.8 million and an adjusted EBITDA of €23.4 million.
  • "I am delighted to share with you the strong Q3-2023 results for Gaming Innovation Group, as we continue our journey towards becoming world leaders in the iGaming industry, focusing on our two core business areas, Media and Platform & Sportsbook.
  • Gaming Innovation Group achieved all-time high revenues* in Q3 2023 amounting to €31.8m (22.9), an increase of 39% YoY, whereof 23% organic
    Adjusted EBITDA was €23.4m (8.5), and excluding a €9.8m reversal of earn-out provision, EBITDA was €13.6m (8.5), an increase of 61% YoY, with an adjusted EBITDA margin* of 42.8% (37.0%)
    EBIT ex.
  • Chairman of the Board, Petter Nylander will host a presentation of the Q3 2023 results via livestream at 10:00 CET with Jonas Warrer, CEO Media and acting group CEO, and Richard Carter, CEO Platform & Sportsbook, attending.

Gaming Innovation Group reports Q3 2023

Retrieved on: 
Wednesday, November 8, 2023
Adjustment, Yoy, Q&A, IGaming Business, EBITDA, Gaming Innovation Group, EBIT, Growth, Sportsbook, Note 2, Platform, Gig, Bookkeeping, Nightclub

ST JULIANS, Malta, Nov. 8, 2023 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) reports Q3 2023 revenues* of €31.8 million and an adjusted EBITDA of €23.4 million.

Key Points: 
  • ST JULIANS, Malta, Nov. 8, 2023 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) reports Q3 2023 revenues* of €31.8 million and an adjusted EBITDA of €23.4 million.
  • "I am delighted to share with you the strong Q3-2023 results for Gaming Innovation Group, as we continue our journey towards becoming world leaders in the iGaming industry, focusing on our two core business areas, Media and Platform & Sportsbook.
  • Gaming Innovation Group achieved all-time high revenues* in Q3 2023 amounting to €31.8m (22.9), an increase of 39% YoY, whereof 23% organic
    Adjusted EBITDA was €23.4m (8.5), and excluding a €9.8m reversal of earn-out provision, EBITDA was €13.6m (8.5), an increase of 61% YoY, with an adjusted EBITDA margin* of 42.8% (37.0%)
    EBIT ex.
  • Chairman of the Board, Petter Nylander will host a presentation of the Q3 2023 results via livestream at 10:00 CET with Jonas Warrer, CEO Media and acting group CEO, and Richard Carter, CEO Platform & Sportsbook, attending.

Gaming Innovation Group appoints Andrew Cochrane as new Chief Business Officer for Platform & Sportsbook

Retrieved on: 
Thursday, November 2, 2023
Optimism, Acquisition, EGR, Growth, Marketing, Turkish coup d'état, Sportsbook, Gaming Innovation Group, Multichannel, DraftKings, AI, CBO, Platform, Gig, Creative industries

ST JULIANS, Malta, Nov. 2, 2023 /PRNewswire/ -- Gaming Innovation Group (GiG) has announced former SBTech and DraftKings executive Andrew Cochrane as its new Chief Business Officer (CBO) for Platform & Sportsbook, marking a significant step in the tech providers' ambitious growth plans.

Key Points: 
  • ST JULIANS, Malta, Nov. 2, 2023 /PRNewswire/ -- Gaming Innovation Group (GiG) has announced former SBTech and DraftKings executive Andrew Cochrane as its new Chief Business Officer (CBO) for Platform & Sportsbook, marking a significant step in the tech providers' ambitious growth plans.
  • Andrew will be responsible for the implementation of GiG's commercial strategies across its full complement of award winning igaming platform, sportsbook and AI anchored solutions, including business development, marketing, partnerships and corporate development.
  • Richard Carter, CEO for Platform & Sportsbook at GiG said; "Having collaborated with him in previous endeavours, I am delighted that we have Andrew onboard to help propel our commercial efforts to unprecedented heights.
  • Andrew Cochrane, Chief Business Officer comments; "This is an extremely exciting time to be joining GiG.

Gaming Innovation Group appoints Andrew Cochrane as new Chief Business Officer for Platform & Sportsbook

Retrieved on: 
Thursday, November 2, 2023
Optimism, Acquisition, EGR, Growth, Marketing, Turkish coup d'état, Sportsbook, Gaming Innovation Group, Multichannel, DraftKings, AI, CBO, Platform, Gig, Creative industries

ST JULIANS, Malta, Nov. 2, 2023 /PRNewswire/ -- Gaming Innovation Group (GiG) has announced former SBTech and DraftKings executive Andrew Cochrane as its new Chief Business Officer (CBO) for Platform & Sportsbook, marking a significant step in the tech providers' ambitious growth plans.

Key Points: 
  • ST JULIANS, Malta, Nov. 2, 2023 /PRNewswire/ -- Gaming Innovation Group (GiG) has announced former SBTech and DraftKings executive Andrew Cochrane as its new Chief Business Officer (CBO) for Platform & Sportsbook, marking a significant step in the tech providers' ambitious growth plans.
  • Andrew will be responsible for the implementation of GiG's commercial strategies across its full complement of award winning igaming platform, sportsbook and AI anchored solutions, including business development, marketing, partnerships and corporate development.
  • Richard Carter, CEO for Platform & Sportsbook at GiG said; "Having collaborated with him in previous endeavours, I am delighted that we have Andrew onboard to help propel our commercial efforts to unprecedented heights.
  • Andrew Cochrane, Chief Business Officer comments; "This is an extremely exciting time to be joining GiG.

UCT Acquires HIS Innovations Group

Retrieved on: 
Wednesday, October 25, 2023
HIS, Adjustment, Risk, Security (finance), Tax, Conversation, GAAP, Projection, Acquisition, Financial condition report, Gaming Innovation Group, Analysis, UCT, Depreciation, Bank

[1] 2023E figures reflect HIS Innovations Group management provided estimates.

Key Points: 
  • [1] 2023E figures reflect HIS Innovations Group management provided estimates.
  • HIS' "Adjusted EBITDA" is defined as net income (loss) plus provisions for (benefit from) taxes, interest expense, other expense (income), other infrequent or unusual items and depreciation.
  • The definition of HIS' Adjusted EBITDA used in this press release may not be comparable to the definitions as reported by other companies.
  • The company assumes no obligation to update the information in this press release, except as required by law.