After a strategic spinout from Gentoo Media, Gaming Innovation Group (GiG) has officially begun trading as an independent B2B iGaming technology company. The recent listing of GiG Software PLC on the Nasdaq First North Premier Growth Market demonstrates the company’s commitment to growing its market share in the worldwide B2B iGaming industry.
With the spinout complete, GiG is now able to concentrate its full attention to strengthening its exclusive B2B technology capabilities. These consist of the unique Social Casino sweepstakes platform, SweepX, the SportX sportsbook, and the CoreX iGaming platform. The company thinks that having this freedom would help it innovate faster and grow more effectively, which will eventually benefit its investors and partners.
GiG’s technology offers end-to-end solutions, making it a standout provider in the iGaming industry. Its powerful and scalable platforms are designed to integrate rapidly, with a focus on localization and functionality. This gives its partners a competitive edge in their respective markets, allowing them to operate more effectively. GiG currently supports over 70 brands and 40 partners in regulated markets worldwide.
Strategic Vision for Long-Term Success
Now operating as an independent entity, GiG sees this as a high-growth opportunity, particularly with a seasoned leadership team at the helm. CEO Richard Carter emphasized that the separation from Gentoo Media allows GiG to fully focus on driving value for its partners and investors. “Today marks a pivotal moment for GiG as we embark on a new chapter of growth and opportunity. The strategic spinout allows us to unlock the full potential of our proprietary technology and provides GiG with the focus, agility, and innovation needed to excel in the B2B space. By standing alone, we can fully commit to delivering value to our partners and investors, all while leveraging the foundations that we have already laid for sustainable long-term growth. This is the start of an exciting new era, with GiG positioned to deliver as a leader in the global B2B igaming industry.” said Carter.
Additionally, GiG Software PLC has received a substantial capital boost, which has strengthened its financial standing. The company has repaid its external debts, ensuring it is well-prepared to execute its strategic initiatives.
Phil Richards, GiG’s CFO, highlighted the company’s vision and strategy as essential drivers of future growth. “GiG represents a very exciting growth story: having full control over our technology stack, combined with management’s vision and the execution of our strategic initiatives, the company is well positioned for success. in addition, the quality of our platform will give us a significant competitive advantage,” says Richards. “We’re confident that as we continue to deliver on our strategy, the full value of the potential of this business will be realised.”
Chairman Petter Nylander also expressed optimism, stating that the board is confident in GiG’s ability to capitalize on the opportunities ahead. He said, “Today is the realisation of our long-held confidence in the company’s ability to thrive independently. By focusing exclusively on our technology and full end-to-end services, we are unlocking new avenues for growth and innovation. The board fully believes in the vision and the leadership team driving this business forward. We are confident that GiG is uniquely positioned to capitalise on the immense opportunities ahead, and today’s listing marks the beginning of an exciting journey that will create significant value for our investors.”
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