Gaming Innovation Group (GIG)

[Kraakko]

hehe, har to ok trader selv fra rundt 3 tallet, så jeg burde kanskje ha overtalt deg litt mer Men ryktes at det er et stort nedsalg som er gjort av en av de gamle traverne som er ute av selskapet nå. Ganske brå turn i kursen etter det, så kan jo stemme.

[ge-ge]

Starter dagen opp, når det meste går ned, er ikke dagligdags.

[Kraakko]

nei må ærlig innrømme at jeg så ikke den der komme, så solgte en del før helga, da jeg regna med makro i dass denne uka. Men er jo tidenes bullrun indeksmessig, forstå det den som kan. Gikk inn igjen litt idag, men usikker på om dette fortsetter

[TekBot]

Gaming Innovation Group: Update on the sale of B2C assets to Betsson

Gaming Innovation Group Inc. (GiG) signed a Share Purchase Agreement (SPA) with Betsson Group (Betsson) for the divestment of GiG’s B2C assets, ref. announcement on 14 February 2020. The deal has today been formally approved by antitrust regulators allowing the transaction to be completed mid-April 2020.

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Betsson will pay EUR 33 million on closing, including EUR 2 million for the cash deposit securing GiG’s Spanish casino license. GiG will use part of these proceeds to repay the Company’s SEK 300 million 2017 - 2020 bond, strengthening the balance sheet and significantly reduce the financial leverage ratio.

The sale of the B2C vertical is a result of GiG’s strategic review to reduce complexity and improve efficiency. By divesting the B2C vertical, GiG will free up resources, enabling full dedication on driving and growing its B2B business, securing stable and sustainable earnings and profit margins. GiG sees a large and sustainable addressable market for its platform business as the regulation of the iGaming industry continues and is well positioned with the omni-channel platform offering to capitalise on the continued digital transformation of the worldwide gambling market.

For more details on the transaction, see announcement on 14 February 2020.

For further information, please contact:
Richard Brown, CEO, richard.brown@gig.com, +34 661599025
Tore Formo, Group CFO, tore@gig.com, +47 91668678

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through its ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com.

Kilde

[TekBot]

Gaming Innovation Group: Completion of the sale of B2C assets to Betsson

Gaming Innovation Group Inc. (GiG) has today completed the sale of its B2C assets to Betsson Group (Betsson). The sale include the operator brands Rizk, Guts, Kaboo and Thrills and related operational entities. The brands will continue to be operated on GiG’s platform for a minimum of 30 months and Betsson becomes a long term partner of GiG, generating revenues to GiG’s Platform Services. For the first 24 months, Betsson will pay a premium platform fee based on NGR generated.

GiG today receives EUR 33 million as consideration for the sale, including EUR 2 million for the cash deposit securing GiG’s Spanish casino license. GiG will use part of these proceeds to repay the Company’s SEK 300 million 2017 - 2020 bond on 22 April 2020. The repayment of the SEK 300 million bond will strengthen GiG’s balance sheet and significantly reduce the financial leverage ratio.
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63 GiG employees and full time consultants are today transferred to Betsson. As part of the transaction, GiG and Betsson also entered into a Transition Service Agreement where GiG will offer services to Betsson to support operations of the brands for an initial period. These services will be invoiced at cost and comprises an additional 54 GiG employees.

The sale of the B2C vertical is a result of GiG’s strategic review to reduce complexity and improve efficiency. By divesting the B2C vertical, GiG will free up resources, enabling full dedication on driving and growing its B2B business, securing stable and sustainable earnings and profit margins. GiG sees a large and sustainable addressable market for its Media and platform business as the regulation of the iGaming industry continues and is well positioned with the omni-channel platform offering to capitalise on the continued digital transformation of the worldwide gambling market.

For more details on the transaction, see announcement on 14 February 2020.

For further information, please contact:
Richard Brown, CEO, richard.brown@gig.com, +34 661599025
Tore Formo, Group CFO, tore@gig.com, +47 91668678

This information is information that Gaming Innovation Group Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, at 12:05 CET on 16 April 2020.

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through its ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com.

Kilde

[TekBot]

Gaming Innovation Group Inc. - Notice of Annual Meeting of Shareholders 19 May 2020

The Annual Meeting of Shareholders in Gaming Innovation Group Inc. (GiG) will take place at 7A Posthuset, meeting room no. 304, Vasagatan 28, Stockholm, Sweden on 19 May 2020 at 10:00 local time. Please see the attached invitation and Notice.

Documents related to the Annual Meeting of Shareholders including the attendance and proxy forms and the proposal from the nomination committee are available on www.gig.com/ir/corporate-governance.
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GiG’s 2019 Annual Report will be released on 27 April 2020, and the Notice of the Annual Meeting of the Shareholders with the 2019 Annual Report will be sent by post to all shareholders registered in the Norwegian VPS system as of 27 April 2020.

For further information, please contact:
Petter Nylander, Chairman of the Board, petter.nylander@gig.com, +46 765250955
Tore Formo, Group CFO, tore@gig.com, +47 91668678

This information is information that Gaming Innovation Group Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, at 17:10 CET on 21 April 2020.

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through its ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com.

Kilde

[TekBot]

Gaming Innovation Group Inc. – 2019 Annual Report and Sustainability Report

Gaming Innovation Group Inc. (GiG) publishes its 2019 Annual Report and Sustainability Report on the Group´s website www.gig.com today. The reports can be downloaded from the website and are included as pdfs in this press release.

GiG announced its Q4 2019 Interim Report on 18 February 2020. The condensed consolidated statements have been restated due mainly to a re-evaluation of GIG’s investment in an available for sale asset downwards by EUR 1.38 million based on additional market value information that became available after the issuance of the Q4 2019 Interim Report. The restatements have no material impact on GIG’s operations, revenues, operating expenses, EBITDA or cash generated from operations. Attached is the Restated Q4 2019 Interim Report.
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The Sustainability Report follows the Global Reporting Initiative (GRI) reporting standards and is covering the Company’s key sustainability areas: safer gambling, responsible marketing and employees. The goal of the sustainability report is to explain how GiG drives a sustainable business, details on the key focus areas and how the Company conducts its business in a responsible way for all stakeholders.

The Annual Meeting of Shareholders will be held on Wednesday 19 May 2019 in Stockholm, see separate announcement on 21 April 2020. The 2019 Annual Report will be sent to all shareholders as of today together with the formal notice for the Annual Meeting of Shareholders. Shareholders can request a printed versions of the Sustainability Report via e-mail: ir@gig.com

For further information, please contact:
Richard Brown, CEO, richard.brown@gig.com, +34 661599025
Tore Formo, Group CFO, tore@gig.com, +47 91668678

This information is information that Gaming Innovation Group Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, at 17:25 CET on 27 April 2020.

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through its ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com.

Kilde

[TekBot]

Gaming Innovation Group: Invitation to Q1 2020 results presentation

Gaming Innovation Group Inc. (GiG) publishes its interim report for the first
quarter 2020 before market opening on Tuesday 5 May 2020.

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CEO Richard Brown will present the Q1 2020 results via livestream at 11:00 CET.
The presentation will be followed by a Q&A-session, and investors, analysts and
journalists are welcome to participate. The presentation will be given in
English.

Link to the livestream: https://www.redeye.se/live/gig-live-q-5-maj

For further information, please contact:
Tore Formo, Group CFO, tore@gig.com, +47 91668678

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a technology company providing solutions, products
and services throughout the entire value chain in the iGaming industry. Founded
in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it
fair and fun for all’. Through its ecosystem of products and services, GiG is
connecting operators, suppliers and users, to create the best iGaming
experiences in the world. Gaming Innovation Group operates out of Malta and is
dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq
Stockholm under the ticker symbol GIGSEK. www.gig.com.

Kilde

[ge-ge]

• Hva tror dere om morgendagen?
• Har de snudd skuta?
• Har vi fått noe Coronaeffekt?
• Hvor går kursen?
  

[TekBot]

Gaming Innovation Group reports Q1 2020

Gaming Innovation Group Inc. (GiG) reports Q1 2020 revenues of Euro 31.1 million and
an EBITDA of Euro 2.5 million.

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“GiG returns to topline growth as a group for the first time in five quarters,
and many of the actions we have taken in Q4 & Q1 will enable further cost
savings, optimization of the organisation and performance that will be a leaver
to improved earnings in the second part of the year”, says Richard Brown, CEO of
GiG.

Financial Highlights

· Return to quarterly growth after four consecutive quarters with decline
· Revenues in Q1 2020 of Euro 31.1m (32.4)
· EBITDA in Q1 2020 was Euro 2.5m (4.1) with an EBITDA margin of 8.1% (12.7%)
· Revenues for the B2B segment in Q1 2020 were Euro 12.7m (14.2), EBITDA was Euro 1.3m
(3.0)
· Revenues in Media Services were Euro 8.2m (9.1) in Q1 2020, EBITDA was Euro 4.5m
(5.2)
· Other operating expenses were Euro 12.9m (13.3), the number of employees
decreased from 695 to 594 year-on-year
· Cash flow from operations in Q1 2020 was Euro 8.1m (4.4) and cash used in
investing activities was Euro 3.0m (4.2)
· Revenues for the B2C segment in Q1 2020 were Euro 20.0m (20.2), EBITDA was Euro 1.2m
(1.1) with an EBITDA margin of 6% (5%)

Operational Highlights

· Media Services return to quarterly growth in both revenue and FTDs after
three quarters of decline
· Strategic review initiated in November 2019, leading to an evolved strategic
direction to reduce complexity and improve efficiency in the Company - resulted
in agreement in February to divest B2C to Betsson
· Launched MegaLotto onto the platform expanding GiG footprint across iGaming
product verticals to include lottery - one of the largest markets in the
industry
· Extended the contract with a current platform customer with the addition of
two new brands on the new fixed fee model.
· The sales pipeline is developing positively, however has slowed some of the
final contract negotiations as land based operators come to terms with actions
around COVID-19
· Other cost savings initiatives are progressing according to plan, which is
expected to reduce operating expenses and the headcount to approximately 430 by
year end 2020

Events after Q1

· The B2C vertical was divested to Betsson effective on 16 April 2020, and the
SEK300 million bond was repaid on 22 April 2020
· Revenues from Platform Services in April were 35% higher than Q1-20 average
and 40% higher than April 2019
· Sportsbook restructuring initiated, which will lead to around Euro 400k in
monthly savings in Sports Betting Services when completed, and place it in a
sustainable position for growth and strategic partnerships

Outlook and guidance

· GiG will become one of few fully independent B2B providers after the
divestment of the B2C segment - will give the Company dedicated focus on
building the B2B business
· Platform Services revenues and profitability will benefit from the increased
traction several brands on the platform are experiencing from Q2 and onwards
· GiG will continue its focus on cost control, execution and global expansion
and multitude of actions taken in Q4 and Q1 will positively impact bottom line
in the latter part of 2020, especially for Sports Betting Services
· Guiding for full year 2020 remains, revenues are expected in the range of
Euro 70 - 75 million, with an EBITDA expected in the range of Euro 14 - 17 million
(including, for comparison, B2C as continued operations until completion of the
transaction)

Investor presentation and webcast

CEO Richard Brown will present the Q1 2020 results via livestream at 11:00 CET.
The presentation will be followed by a Q&A-session, and investors, analysts and
journalists are welcome to participate. The presentation will be given in
English.

Link to the livestream: https://www.redeye.se/live/gig-live-q-5-maj

For further information, contact:

Richard Brown, CEO of GiG, richard.brown@gig.com +34 661 599 025
Tore Formo, Group CFO, tore@gig.com +47 916 68 678

About Gaming Innovation Group (GiG)

Gaming Innovation Group Inc. is a technology company providing products and
services throughout the entire value chain in the iGaming industry. Founded in
2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair
and fun for all’. Through its ecosystem of products and services, it is
connecting operators, suppliers and users, to create the best iGaming
experiences in the world. GiG operates out of Malta and is dual-listed on the
Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under
the ticker symbol GIGSEK. www.gig.com

Legal disclaimer

Gaming Innovation Group Inc. gives forecasts. Certain statements in this report
are forward-looking and the actual outcomes may be materially different. In
addition to the factors discussed, other factors could have an impact on actual
outcomes. Such factors include developments for customers, competitors, the
impact of economic and market conditions, national and international legislation
and regulations, fiscal regulations, the effectiveness of copyright for computer
systems, technological developments, fluctuation in exchange rates, interest
rates and political risks.

Kilde

[asleoh]

Det var da fryktelige dårlige tall. Hvor lenge kan pengene renne ut før det er kroken på døren? Ser vi kurser snart nede på 2 tallet?

[Anderix]

kanskje en ide og lese seg litt opp før du slenger ut et slikt utsagn. Du kan jo begynne med å lese Q1 rapporten fra i går, og se presentasjonen. Betydelig mindre gjeld nå enn før salget av B2C, positiv cashflow, store kostnadsbesparelser, 35% vekst i april. CEO sier de er svært fornøyd med den økonomiske situasjonen, og at det ikke er et tema å hente penger. Guider EBITA 14-17 mil Euro for 2020.

[asleoh]

Ja, helt fantastisk rapport. Viser dårligere inntekter enn på samme tid som ifjor. Ser også at markedet er meget positiv til rapporten. Den har vel nå krakket (mer enn 20 prosent rett ned) siden dagen før rapporten ble lagt ut. 5 nye prosent rødt idag er vel et signal om at alt går på skinner? Ser en på casino sidene deres, så er jo ikke dette akkurat noe nyskapende eller ny teknologi. Casinodelen de leverer er jo alle absolutt helt like, bare noen farger og bakgrunns bilder som er forskjellige, Rett og slett et trist produkt for B2C kunder. Se på konkurrentene så skjønner en at kursen har rast fra 60 kr til idag 3,8 kr. Sportsboken var vel kanskje den største fiaskoen i online betting historien ever? Nå har vel GIG sagt de er fornøyde etter hver eneste rapport, så den stoler jeg ikke på. Sluttproduktet er rett og slett for dårlig til å kunne tiltrekke seg B2B kunder. Nå skal de vel finne en samarbeidspartner når det gjelder sportsboken? Kanskje det kan gjøre dem litt mer attraktive. Jeg tenker kursen er på mellom 1 og 2 kr etter sommeren. Ønsker du å tape penger, så er dette aksjen å satse på. Den er alt for høyt priset pr idag

[Anderix]

Men da er det jo bare å holde seg unna da;-)
Selv tror jeg kursen vil være mellom 6-8 kr etter sommeren og opp mot 10-11 i løpet av året.
Men det er jo helt opp til hver og en av oss hva vi skal tro på. Selv kjøper jeg om dagen

[asleoh]

Jeg venter nok til sportsbok krisen er løst og ikke minst, mye lavere pris enn idag. Finnes det forresten en oppdatert side over alle sidene som kjører på Gig sin platform. Har en side, men der er 90 prosent av casino stedene stengt grunnet konkurs. Og det var lenge før avtalen med Gig gikk ut.

[Anderix]

Har dessverre ikke tilgang til en sånn liste, men iflg GIG så opereres det over 3000 spill på GIG sin platform. Blir veldig spennende å se hva de kommer frem til på sportsbook, ift strategiske partnere. de hevder en besparelse på 400 000 euro pr mnd, når dette er i mål. I tillegg til nye 50 hoder som skal vekk, og forventet vekst på media. Tror ikke guidingen deres blir så galt denne gangen, og da må man jo spørre seg hva “nye GIG” skal være verdt, om de leverer på dette (14 -17 mil euro) Pr i dag er selskapet priset til rundt 360 mil. nok. Synes selv dette er lite, om de leverer på guiding.

[Anderix]

For ordens skyld, så ryktes det at det noen “gamle GIG ere” les RR og Fagerli som solgte ned i går og i dag. Så blir det jo spennende å se hva som skjer med kursen når de er ferdigsolgt;-)

[Anderix]

B2C divestiture completed on 16th of April and SEK 300m
bond repaid
● April revenues for Platform Services was 35% ahead of
the Q1 average and 40% higher than same period last
year
● Rolled out Sportsbook restructure that will see cost
savings in range of €400K per month after restructuring
complete
● Stable revenues in Media and continued monthly FTD
growth despite reduction in sports events

[asleoh]

Det var ikke antall spill på deres sider jeg mente, men oversikt over nettsteder som kjører sitt casino på deres platform. Nettsidene til deres b2b kunder.

[Anderix]

Har dessverre ikke en sånn oversikt. Men det er absolutt interessant å prøve å finne ut av. 30+ game providers er det eneste som står på GIG sin hjemmeside. Ikke hvilke aktører det er. Jeg kan jo spørre om de vil gi fra seg den informasjonen.