GAMING INNOVATION GROUP - GIGI STOCK NEWS

Gaming Innovation Group Inc. (GiG) announced key dates for its restructuring process, which involves dividing the company into GiG Media and GiG Platform. GiG Platform will be spun off as an independent public company. On September 23, 2024, a special shareholders' meeting resolved to complete the spinoff. As of September 24, 2024, GiG shares will trade ex-rights to receive Norwegian Depository Receipts (NDRs) on Oslo Børs (Ticker: GIG) and Swedish Depository Receipts (SDRs) on Nasdaq Stockholm (Ticker: GIGSEK). This information is disclosed in compliance with Euronext Oslo Børs' Rule Book II and the Norwegian Securities Trading Act.

Gaming Innovation Group (GiG) has acquired Casinomeister, an established online casino advocacy and review platform, for €3 million. Casinomeister, known for promoting transparency and fairness in gaming, will continue to operate under its own brand within GiG Media.

This acquisition follows GiG's previous successful integrations of AskGamblers and KaFe Rocks. GiG expects the transaction to boost its market reach and enhance complaint resolution services, promoting player advocacy. CEO Jonas Warrer highlights the alignment in values between Casinomeister and GiG, predicting significant growth and positive financial impact upon full integration.

The deal is set to close in June, with immediate financial benefits anticipated.

Gaming Innovation Group Inc. (GiG) reports Q3 2023 revenues of €31.8 million and an adjusted EBITDA of €23.4 million, showing a 39% YoY revenue increase and 61% YoY EBITDA increase. GiG achieved all-time high revenues in Q3 2023, with Media revenues at €22.5m and Platform & Sportsbook revenues at €9.3m. The company also appointed new CEOs, saw positive momentum in Ask Gamblers, signed new agreements, and expanded into new markets. After Q3, GiG acquired KaFe Rocks and appointed a new Chief Business Officer. The company will host a presentation of the Q3 2023 results via livestream at 10:00 CET.

Gaming Innovation Group (GIGI) has expanded its partnership with News Corp UK & Ireland, launching a dedicated betting hub on The Irish Sun's website. This strategic move into the Irish market follows a successful launch in the UK in December 2022, which generated significant revenues for GiG Media within two months. The companies are also planning to enter the US market by the end of Q1 2023. GiG aims to be a leading iGaming technology provider, focusing on sustainable growth and innovation.

Gaming Innovation Group has signed an agreement to acquire casino affiliate websites Askgamblers.com, Johnslots.com, and Newcasinos.com from Catena Media for a total of EUR 45 million. The deal includes EUR 20 million paid at closing, EUR 10 million after a year, and EUR 15 million after two years, with the acquisition expected to close in Q1 2023. The purchased websites generated EUR 12.9 million in revenue and EUR 8.4 million in EBITDA in 2022, with expected EBITDA margins of 60-70%. This acquisition will enhance GiG's market position and diversify its geographical reach.

Gaming Innovation Group reports a strong Q3 2022 with record revenues of €22.9 million, a 35% year-on-year increase, and an adjusted EBITDA of €8.5 million, up 47%. Key highlights include all-time high revenues in GiG Media at €15.1 million and significant growth in Platform & Sportsbook revenues to €7.8 million. Operationally, GiG Media achieved record player intake with 86,500 first-time deposits. After Q3, GiG signed new agreements and reported a 34% revenue increase in October. The company maintains a robust cash flow and positive net profit, reinforcing its growth trajectory.

Gaming Innovation Group (GiG) has partnered with Caravel Entertainment to provide its sportsbook platform for 'Moosh' in Portugal. This agreement marks GiG's continued expansion in regulated markets, as the migration of Caravel's existing database is set for Q4 2022. The deal spans three years, renewable, and capitalizes on the Portuguese market's impressive growth in sports betting and casino, which saw 32% and 30% annual increases in 2021. GiG's expertise positions it favorably as a trusted partner for operators seeking platform migrations.

Gaming Innovation Group (GIG) reported a robust performance in Q1 2021, with revenues reaching €18.3 million, a 64% increase compared to the same period last year. EBITDA surged to €4.6 million, a remarkable 674% rise. Normalized revenues also showed significant growth, marking an overall positive trajectory driven by recent strategic initiatives. Media Services achieved record revenues of €10 million. Post-quarter developments include new agreements and a refinancing initiative for a SEK 400 million bond due in June 2022.

On February 23, 2021, Protocol Ventures AB, owned by Petter Nylander, purchased 21,800 shares of Gaming Innovation Group Inc. (GIG) at SEK 22.95 per share. This transaction increased the total shares owned by Nylander's close associates to 119,800 shares. Gaming Innovation Group is an iGaming technology company focused on delivering advanced solutions to operators in the sector. The company is listed on the Oslo Stock Exchange under the ticker GIG and on Nasdaq Stockholm as GIGSEK.