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GiG reports €5.22m first-quarter loss as it shifts clients to CoreX

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Gaming Innovation Group reported a €5.22m after-tax loss for the first quarter, with revenue of €9m and adjusted core earnings of €200,000. The company said it is targeting €4.5m in annual cost reductions and moving clients from Alira to its CoreX platform. GiG maintained full-year revenue guidance of €44m to €48m and forecast core earnings of up to €13m.

Operators using GiG technology may be affected by its planned migration from Alira to CoreX.

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UK Tote appoints James Coxon as next chief executive

Reportedly, UK Tote Group has named James Coxon as its next chief executive. He will replace chief executive Alex Frost, who steps down at the end of 2026. Frost will serve as an executive director in 2027 before becoming a non-executive director.

James Coxon is to become the next chief executive officer of the UK Tote Group. He takes over from Alex Frost, whose departure comes at the close of this year. Frost is to remain involved with the business as an executive director during 2027, after which he will move into a non-executive director post.

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