GiG Software said it has agreed to acquire an 80% stake in 888AFRICA for €16.4m. The proposed purchase is subject to shareholder and regulatory approvals and would be funded through equity and convertible debt with existing shareholders. GiG also reported Q2 2026 revenue of €8.8m, down 5% year on year.
GiG’s proposed 888AFRICA purchase could alter its ownership and outlook, subject to shareholder and regulatory approvals.
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Gaming Innovation Group said it plans to close its Alira platform in Spain during 2027 and increase its focus on CoreX. The company expects the closure to generate additional savings and consolidate its technology offering.
Gaming Innovation Group plans to close its Alira platform in Spain during 2027, the company announced alongside its Q3 2026 financial results. The company expects the closure to produce additional savings and to consolidate its technology offering, while increasing its focus on CoreX.
Reportedly, GiG completed a €16.4m transaction through GiG Software Plc on 1 October 2026, taking 80% ownership of African betting and gaming operator 888AFRICA. GiG paid €6.1m on completion and will pay €10.3m in instalments over the following 10 months.
Reportedly, GiG chief financial officer Phil Richards expects the 888Africa acquisition to support its B2B pipeline as the group returns to B2C. Richards linked the acquisition opportunity to Evoke’s restructuring earlier this year, while analysts flagged potential B2B headwinds.
Reportedly, GiG is close to striking a deal with evoke to acquire 888Africa. The platform provider is looking to return to B2C sports betting six years after selling its initial portfolio of consumer-facing brands to Betsson Group.
GiG Software’s chief financial officer departed with immediate effect, according to a report dated 2 November 2026. The company is searching for a successor, the report said.