GiG Strengthens Leadership with Richard Carter as Platform and Sportsbook CEO

Gaming Innovation Group Inc. (GiG) has strengthened its leadership team with the appointment of Richard Carter as CEO of Platform and Sportsbook. This strategic decision comes as GiG prepares for the company’s anticipated separation into two independent companies, both poised to capitalize on growth prospects in their respective fields.

Following a thorough strategic assessment earlier this year, GiG announced plans to split the firm into two independent organizations. This strategic choice strives to optimize development potential by using each company model’s distinct strengths and strategic advantages.

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Richard Carter offers a plethora of iGaming industry knowledge to his new position. He was the CEO of SBTech for over five years, and oversaw the company’s merger with digital sports and gaming giant DraftKings in a historic three-way agreement in April 2020. Carter recently took over as CEO of Bragg, a Nasdaq and TSX-listed supplier of online casino and gaming systems. His considerable experience has given him a thorough awareness of GiG’s primary markets and industry dynamics.

Prior to his senior positions, Carter was the Director of Research at Deutsche Bank, where he was in charge of the well regarded Pan-European Gaming Equity Research franchise.

Carter’s appointment follows a meticulous evaluation process to identify a visionary leader capable of steering GiG’s Platform and Sportsbook division toward future growth. With a proven track record of operational excellence and driving profitable expansion in regulated online gaming markets, Carter is set to take the reins on September 18, 2023.

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In his new role, Carter will be tasked with elevating GiG’s Platform and Sportsbook division’s global presence within the regulated iGaming landscape. This involves capitalizing on the division’s strong foothold as a provider of proprietary technology through Software-as-a-Service solutions to over 40 clients spanning 35+ markets.

Carter’s ultimate goal is to transform the division into a stand-alone, publicly listed SaaS company. This strategic shift involves aligning human capital, technology, product development, and processes to foster innovation and seamless execution across various verticals.

Richard Carter expressed his excitement about joining GiG during this pivotal phase: “I am delighted to become the Platform and Sportsbook CEO of GiG at such an exciting time in the Group’s development. With its outstanding data led proprietary technology platform, sector leading regulated market coverage and diverse product portfolio, the GiG Platform is exceptionally well positioned to maintain its recent strong growth momentum.”

Petter Nylander, GiG’s Chairman of the Board, lauded Carter’s appointment, stating: “We are very pleased and excited to announce that Richard Carter will join GiG as Platform and Sportsbook CEO during Q3, 2023. The Board believes Richard Carter has the relevant experience, given his success as CEO of SBTech and has shown an impressive and deep understanding of the GiG business, its opportunities and provided thoughtful strategic considerations on how build on the recent success of the Platform and Sportsbook business and driving shareholder value.”

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