Gaming Innovation Group (GiG) reported first-quarter 2024 revenue of €36.2m, up 28% year on year, and said it was operationally ready to separate its Media and Platform & Sportsbook operations. The company expects the split to be completed by Q3, subject to approvals. GiG also reported Media revenue of €28m and Platform & Sportsbook revenue of €8.3m for the quarter.
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Soft2Bet appointed Andrew Cochrane as chief commercial officer, the company said. Cochrane will oversee global commercial execution, strategic partnerships and growth across business verticals. He joins from Gaming Innovation Group, where he was chief business officer, and previously held senior roles at DraftKings and SBTech.
ITV plans to launch real-money online slots and bingo in the UK in January through a partnership with Richmond Atlantic, using technology from GiG, according to reports. Richmond will oversee licensing and compliance, while GiG supplies the platform and Pragmatic Play delivers bingo; the five-year profit-sharing arrangement followed a competitive tender.
Gaming Innovation Group (GiG) has launched its SweepX sweepstakes casino platform with partner Primero under the goldrushcity.com brand, reportedly marking its entry into the US sweepstakes market. GiG said the platform includes separate real and virtual currency wallets and tools for prize redemption and content management.
GiG said Gentoo Media recorded €30m in revenue in Q2 2024, up 39% from €22m a year earlier. Chairman Mikael Riese Harstad said the group had signed one of the largest land-based casino operators to its SweepX platform and expected to complete its split into two listed entities by the end of September 2024.
Gaming Innovation Group appointed Phil Richards chief financial officer of its Platform & Sportsbook business, the company said. Richards joins from Corero Network Security and will oversee the division’s finance department, with responsibilities including support for M&A, investor relations and market development. GiG said the appointment comes as it prepares to separate the business from GiG Media, subject to approvals.