GiG Software has put five planned sweepstakes brand launches on hold and is shifting its growth focus to regulated markets, including Brazil. Chief executive Richard Carter said during the company’s Q2 earnings call that uncertainty about sweepstakes partners informed the decision.
The change redirects GiG’s planned launches and commercial focus from sweepstakes towards regulated markets.
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GiG Software reported Q3 2026 revenue of €8.5m, down 12% year on year, and a net loss of €4.5m, according to the company. Adjusted EBITDA fell 33% to €0.8m; the company attributed the revenue decline mainly to client exits and lower set-up fees, while reiterating its full-year guidance.
River Cree Resort & Casino has contracted GiG Software to power its online betting and gaming offering in Alberta, reportedly marking the Enoch Cree Nation-owned brand’s first move into online gambling. GiG will provide its platform, sportsbook, casino games and data tools; Alberta’s regulated online gambling market opened in July.
PowerPlay launched online sports betting and casino services in Alberta using GiG Software technology. AGLC approved the rollout, which makes PowerPlay GiG’s fourth active brand in the province. The launch uses GiG’s account management, sportsbook, rules and data systems.
PowerPlay has launched online sports betting and casino services in Alberta using technology from GiG Software, according to a company announcement. The Alberta Gaming, Liquor and Cannabis Commission (AGLC) approved the rollout, the company said. The launch makes PowerPlay GiG's fourth active brand in the province.
GiG Software plans to buy 80% of 888AFRICA from evoke subsidiary Virtual Emerging Entertainment Limited for approximately €16.4m. GiG approved an €8.5m fundraising through shares and convertible loans to support the initial payment. The transaction requires further approvals and definitive agreements, while founders would retain the remaining shares and management involvement.
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.