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.
The SweepX signing and planned split could shape GiG’s commercial structure and growth prospects.
Quarter ended 30 June 2026
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The Juroszek family has increased its stake in Gentoo Media from 26.8% to 59.3% through a €100m refinancing package. Two family-owned entities bought €50m of equity through a share issue, with a further €50m provided as a loan; Gentoo Media chief executive Jonas Warrer said the completed refinancing would enable full repayment of bonds due in December.
The Juroszek family has gained majority control of Gentoo Media following a €100m debt refinancing, according to the source. The family's holding rose from 26.8% to 59.3%.
Phil Richards left his role as Gaming Innovation Group’s chief financial officer in October, according to the report, after two-and-a-half years in the position. He said on LinkedIn that he would become CFO of Chaos in December; the report also said he joined GiG in July 2024.
After two-and-a-half years as finance chief, Phil Richards has left Gaming Innovation Group (GiG). Richards shared the news on LinkedIn on 2 November. He said he left the company in October and joins Chaos, a design and visualisation technology firm, as CFO in December.
Gaming Innovation Group said Alberta’s Gaming, Liquor and Cannabis Commission granted it a technology licence for the province. GiG said the approval allows it to operate there and offer commercial opportunities to its partners.
Three proceedings involving Bet365, Super Group and SkyCity are before the High Court in Auckland over online gambling activity connected with New Zealand. A judge said the cases share a plaintiff and similar issues but it was too early to manage them together; Bet365 disputes the court’s jurisdiction, while SkyCity denies liability in a separate funded class-action claim covering losses from February 2020 to February 2026.
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.