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Gaming Innovation Group Inc (GAMIG.OL)

GAMIG.OL on Oslo Stock Exchange

4.37NOK
13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Gaming Innovation Group Q3 ‍EBITDA up at EUR 3.0 million
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - GAMING INNOVATION GROUP INC :GIG REPORTS THIRD QUARTER REVENUES UP 16% FROM SECOND QUARTER 2017\, AND.Q3 OPERATING REVENUES OF EUR 30.8 MILLION, UP 112% FROM EUR 14.5 MILLION IN Q3 2016​.Q3 ‍EBITDA OF EUR 3.0 MILLION, UP FROM EUR 1.9 MILLION IN Q2 2017 AND EUR 1.1 MILLION IN Q3 2016​.Q3 ‍ORGANIC REVENUE GROWTH OF 10% OVER Q2 2017 AND 54% FROM Q3 2016​.  Full Article

Gaming Innovation Group Q4 EBITDA swings to profit of EUR 3.9 mln
Tuesday, 14 Feb 2017 

Gaming Innovation Group Inc : Q4 revenue 21.5 million euros ($22.8 million)versus 6.4 million euros year ago . Q4 EBITDA profit 3.9 million euros versus loss 1.8 million euros year ago . Sees 2017 revenues above 120 million euros . Sees increased marketing costs in 2017 . Considers using Nordic bond market to finance future acquisitions, and will contemplate to arrange fixed income investor meetings . Says to invest in active real money players to increase volume and future earnings .Says to develop IGC-platform to sign larger and established cleints.  Full Article

Gaming Innovation Q3 operating revenues rise to EUR 14.5 mln
Wednesday, 2 Nov 2016 

Gaming Innovation Group Inc : Q3 operating revenues of 14.5 million euros ($16 million)(incl. 2.7 million euros from Betit), up 50 pct from 9.7 million euros in Q2 2016 . Q3 organic revenue growth of 23 pct q/q . Q3 EBITDA of 1.07 million euros, up from 0.96 million euros in Q2 2016 (incl. 0.34 million euros in transaction expenses) . Expects to exceed FY 2016 target of 100 pct revenue-growth .Expects revenues to exceed 120 million euros in 2017.  Full Article

Gaming Innovation: GGR rises to a new all time high in September
Tuesday, 4 Oct 2016 

Gaming Innovation Group Inc : July-September total active real money players for Guts.Com, Rizk.Com and Betspin.Com were 95,401, up 7.9 pct from period June- August . Gross gaming revenue (GGR) continued to increase to a new all time high for GIG's gaming sites Guts.Com, Rizk.Com and Betspin.Com in September . September total deposits were 11.3 million euros ($12.6 million), up 8.1 pct from August, and margins obtained were 3.91 pct for casino and 10.5 pct for sports betting .Total registered users on Guts.Com, Betspin.Com and Rizk.Com were 541,860 as of Sept. 30 2016, compared to 505,836 as of Aug. 31 2016.  Full Article

Gaming Innovation Q2 EBITDA swings to profit of EUR 0.96 million
Wednesday, 17 Aug 2016 

Gaming Innovation Group Inc : Operating revenues of 9.7 million euros ($11.0 million), up 23 pct from 7.9 million euros in Q1 2016 . Q2 EBITDA of 0.96 million euros, an 1.03 million euros improvement from loss of0.07 million euros in Q1 2016 . Sees EBIT to exceed 5 million euros in 2016. . GIG to exceed goal of 20 signed IGC clients by year end .Expects continued revenue and earnings growth into 2017.  Full Article

Gaming Innovation: May-July active real money players 81,665
Thursday, 4 Aug 2016 

Gaming Innovation Group Inc : Total active real money players for three months period May-July were 81,665, compared to 81,645 for period April-June . Gross gaming revenue continued to increase to a new all time high for gig's gaming sites guts.com, rizk.com and betspin.com in July .Had an overall positive performance in July, which normally has a negative seasonality effect.  Full Article

Gaming Innovation announces operational update in June
Wednesday, 6 Jul 2016 

Gaming Innovation Group Inc : After a slight decline in April and May, Guts.com had all time high gross gaming revenue (GGR) in June . Rizk.com also showed strong performance in June, while Betspin.com performed below expectations . Total active real money players for the three months period April-June were 81,645, compared to 83,288 for the period March-May .Total registered users on GIG's iGaming sites Guts.com, Betspin.com and Rizk.com were 445,125 as of June 30, 2016 compared to 420,856 as of May 31, 2016.  Full Article

Gaming Innovation Group acquires Betit Group
Thursday, 30 Jun 2016 

Gaming Innovation Group Inc. : GIG and major shareholder in Betit have agreed to convert Optimizer's 10 percent holding in GIG's subsidiary iGaming Cloud Ltd. into 56.5 million new GIG-shares .GIG will issue 153.5 million new shares as consideration for all shares in Betit.  Full Article

Gaming Innovation March-May total active real money players was 83,288
Wednesday, 1 Jun 2016 

Gaming Innovation Group Inc :Total active real money players for three months period March-May were 83,288, compared to 88,876 for period February-April.  Full Article

Gaming Innovation Group signs iGC agreement with BetIt Group
Wednesday, 18 May 2016 

Gaming Innovation Group Inc : Gaming Innovation Group Inc. has signed an agreement with BetIt Operations Ltd. that will migrate their entire casino and sport offering onto GIG's iGaming Cloud platform service (iGC) .BetIt expect to migrate their brands to iGC in October 2016, and the total annual contribution to the iGC platform is expected to be in excess of 1 million euros ($1.13 million).  Full Article