Gaming Innovation Group (GIG)

[ge-ge]

Ser vi 13 i dag? Og 15 før nyttår?

[Kraakko]

13 ble tøft. Det er jo også kanskje de dølleste periodene i GIG midt mellom kvartallsrapporter. Men disse avtalene er jo gull for å holde aktiviteten noenlunde oppe. Regner med et bra kjør mot neste rapport vertfall.

Men 15 til nyttår? tja, kanskje hvis de publiserer navnet på aktøren i meldingen

[TekBot]

Gaming Innovation Group issues convertible loan to two institutional investors

Gaming Innovation Group (GiG) have had a successful turnaround over the last year. Coming into 2021 the business is seeing momentum with additional opportunities to deliver long term shareholder value. To take advantage of those opportunities GiG has decided to issue a subordinated convertible loan of EUR 8.5 million to two Nordic investment funds Formue Nord A/S & Symmetry Invest A/S.

GiG sees a very strong market development for its target customer base as regulation and digitalisation of the gambling industry drives demand and will use the proceeds from the convertible loan to expedite revenue generating activities and enhance future growth. Using a strict capital allocation framework the funds will be used across a range of projects such as the continuing development of its omni-channel offering across casino and sportsbook, increase the long term speed to market facilitating the sales pipeline and move toward more aggressive growth in Paid Media along with the potential to act in the M&A space within Media Publishing department.
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Richard Brown, CEO of GiG, explains: Over the last 12 months GiG has simplified our business around our core B2B offering with significant growth in revenue and EBITDA for the first 9 month of 2020. As we are seeing continued expansion opportunities on all our 3 business segments we wanted to strengthen our cash position to be able to take advantage of those opportunities. We are happy that GiG is now in a place where we can attract capital from institutional investors on competitive terms to accelerate the business further.

Rasmus Viggers, CIO of Formue Nord commented: We have been following GiG for a while and have been impressed by the progress in the business over the last year. We are happy that we are able to support GiG with a flexible finance solution that is setting GiG up for further growth in the years ahead.

The term of the loan is 30 months and the loan can be converted at a share price of NOK 15, a 23% premium to the last closing price on Oslo Børs. The interest is 8% per annum. The loan is subordinated to the Company’s SEK 400 million bond, and payment of interest and any repayment on the convertible loan are not allowed before all obligations under the bond is repaid in full. The bond has maturity on 28 June 2022, and Nordic Trustee has approved the convertible loan structure as per the bond terms.

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, through the agency of the contact person set out above, at 08:25 CET on 21 December 2020.

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform and media provider delivering world class solutions to our iGaming partners and their customers. GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. 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

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Gaming Innovation Group - Issue of new shares

Gaming Innovation Group Inc. (“GiG”) has today issued 70,000 new shares of its common stock in connection with exercises of options.

Gaming Innovation Group Inc. confirms that the new shares have been duly authorized by all necessary corporate action and that the new shares have been fully paid and validly issued. The Company’s share capital has increased from USD 90,005,626 to USD 90,075,626 and the number of outstanding shares has increased from 90,005,626 to 90,075,626 (par value USD 1.00). The new shares are issued by the board of directors under the Company’s 100,000,000 authorized shares.
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In 2019 and 2020, employees in GiG exercised options to buy 70,000 shares, and GiG borrowed shares for the immediate transfer of shares to the optionees. The new shares will be transferred back to the lender.

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

About Gaming Innovation Group (GiG):
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform and media provider delivering world class solutions to our iGaming partners and their customers. GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. 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

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Mandatory notification of trade and disclosure of large shareholding

True Value Limited, a company owned by Henrik Persson Ekdahl, board member and primary insider of Gaming Innovation Group Inc. (GiG) has today purchased 4,896,125 shares in GiG from Henrik Persson Ekdahl at a share price of SEK 11.30. As a result of this transaction, True Value Limited has increased its holding in GiG from 0 to 4,896,125 shares in GiG, or from 0.00% to 5.44% of the outstanding shares in GiG, and Henrik Persson Ekdahl has reduced his holding in GiG from 4,896,125 to 0 shares in GiG, or from 5.44% to 0.00% of the outstanding shares in GiG. Henrik Persson Ekdahl and close associates has not changed its holding in GiG as a result of the transaction.
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Kilde

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Gaming Innovation Group - Mandatory notification of trade

Protocol Ventures AB, a company owned by Petter Nylander, Chairman of the board and primary insider of Gaming Innovation Group Inc. (GiG), has today purchased 36,500 shares in GiG at a price of SEK 11,17 per share. After this transaction, close associates of Petter Nylander owns 98,000 shares in GIG.

For further information, please contact:
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Petter Nylander, Chairman of GiG, petter.nylander@gig.com +46 76 525 09 55

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform and media provider delivering world class solutions to our iGaming partners and their customers. GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. 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

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Gaming Innovation Group - Option grants

The Board of Directors of Gaming Innovation Group Inc. has granted a total of 1,500,000 options to key employees. The exercise price is NOK 15.00 per share, and the options are exercisable with 20% after 1 January 2022, 30% after 1 January 2023 and 50% after 1 January 2024. All options expires on 31 December 2026 and are conditional upon employment at time of exercise. The options are granted under the option plan approved by the Annual Meeting of Shareholders in May 2019.

GiG has 100,000,000 authorized shares, whereof 90,075,626 are issued and outstanding. After the grant, a total of 2,021,000 options are outstanding.
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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 leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform and media provider delivering world class solutions to our iGaming partners and their customers. GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. 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

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Gaming Innovation Group signs US iGaming platform agreement with Playstar

Gaming Innovation Group Inc. (GiG) has today signed a long-term agreement with PlayStar NJ LLC (PlayStar Casino), for the provision of GiG’s iGaming platform technologies to power the brand’s launch in the US market. PlayStar Casino will use GiG to power its new casino offering to enter the limited license New Jersey market, having recently partnered with Oceans Casino Resort to secure market access in New Jersey. The agreement between GiG and PlayStar Casino is based on a revenue share model and has a minimum duration of four years with expected launch in Q4 2021.

PlayStar Casino is a privately owned company founded and operated by industry pioneer Joel Wikell (founder of Boss Media, Readly, Blinto and Hexigames) and Co-Founder and EVP Adam Noble (ex Yggdrasil and Play’n’go).
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PlayStar Casino aim to provide an online casino experience like no other to players in New Jersey and other regulated US states. This will be achieved through personalisation, engagement and exemplary customer service that makes players feel like they are the star of the show every time they pass through the casino’s digital doors.

The Garden State has enjoyed significant growth and development since regulating and with 2020 complete, data from the New Jersey Division of Gaming Enforcement shows that online gaming GGR for 2020 finished at $970m – an increase of 101% over 2019. Offering a limited number of licenses within the state, operators have the opportunity to capitalise on one of the fastest growing global igaming markets with a fixed number of competitors.

Adam Noble, Co-Founder and EVP of PlayStar Casino: “Gaming Innovation Group has earned a reputation for being a very formidable and trusted technology partner in Europe, so when we were assessing platforms for our market entry into New Jersey, we were very confident in selecting GiG as our platform partner. We are really excited to have them support our launch into New Jersey and also our future expansion into regulated states across the USA.”

“PlayStar Casino is setting out to offer an online casino experience with a difference that will stand out from the current offerings in the market. Our player experience focus, centred on a unique product offering, engaging frontend concept and personalisation will result in an immersive and entertaining experience for the player. We have big plans for New Jersey and other US states, and look forward to making our debut in the Garden State later this year.”

Richard Brown, Chief Executive Officer of GiG says: “It is very exciting to be part of Playstar’s inspiring and innovative plans for the expanding US digital gambling market. Playstar has an extremely strong product vision backed by a very experienced industry team. This agreement further demonstrates and drives our ambition to be the platform partner of choice for operators in regulated markets. GiG is extremely proud to be supporting Playstar as they establish themselves as a strong and innovative iGaming brand in the US and we are confident that it will be a successful partnership.”

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 leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform and media provider delivering world class solutions to our iGaming partners and their customers. GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. 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

About Playstar
PlayStar is a challenger online casino brand set to take the US market by storm. We make the player feel like they are the star of the show through personalisation, unprecedented levels of engagement and superior customer support. Our hotly anticipated New Jersey launch is set for Q4 2021 with additional states to follow next year.

Kilde

[ge-ge]

Nå er det rett før jeg begynner å glede meg til en Q-rapport! Eller gru-glede meg mer presist!

[Kraakko]

Alt tyder jo på at det kommer en ok rapport. Veldig spent på på hva de leverer på ebit!

Er jo mer reprising vi ser nå enn ren hype

[ge-ge]

Enig. Blir spennende. Fine blå tall bør gi kursen et godt skyv i riktig retning.

[Kronn]

Flott reise siste tiden her, uten meg, men gleder meg selføgelig på deres vegne

[Kraakko]

Tut å kjør her idag! Sikret litt igår for det var nesten for mye oppgang på kort tid. Måtte inn igjen idag.

[ge-ge]

Bryter vi gjennom 20 idag, så må det bli !

[ge-ge]

Nå skal det mye god selvdisiplin til for å holde fingrene vekke fra salgsknappen.

[Kraakko]

sikret på vei opp rundt 18kr. tenkte å ikke gjøre samme feil idag. Så jeg har økt litt idag igjen. Fortsatt “lenge” igjen til kvartalsrapport, men ser an utvikling.

Men leser at det er en del som har justert ned porteføljen idag. Men da har man vertfall fått det underveis. Kanskje kommer disse inn igjen med litt etterhvert.

[ge-ge]

Ja, skjønner godt at man sikrer gevinst. Har forbannet meg selv mange ganger for ikke å gjøre det. Men denne gangen har det vært stigning på stort volum.

For å sette det litt i perspektiv. En eller annen stakkars jæ… kjøpte en dag i mars 2018 GiG-aksjer for kr.63.70! I det bilde har vi et stykke vei å gå for at alle skal juble. Men for all del. Vi er på rett vei.

[Kraakko]

hehe ja, jeg var nok en av de som kjøpte på 50tallet der en plass også

Syns den holder seg bra, hvis vi ikke får et nedsalg som vanlig på slutten

[gatfre]

Ja mange med snitt rundt 50-60 kr. Mener Stenshagen kjøpte en del rundt de nivåene… men har sikker kjøpt mer?. Har heller ikke tenkt til å selge med det første. Tror kursen skal høyt opp og kan fort se 40 kr med kontroll på kostnader og gode avtaler allerede veldig snart. Stenshagen er vel godt kjent for sine grundige analyser også. Var en analyse for en stund tilbake som mente kursen burde vært minst 40 kr… Volumet de siste dagene har vært veldig høyt også som viser videre styrke

[TekBot]

Gaming Innovation Group signs with established German facing iGaming operator

Gaming Innovation Group Inc. (GiG) has today signed a letter of intent with an established German facing iGaming operator, for the provision of GiG’s iGaming platform technologies to power the company’s new online casino. The agreement between GiG and the operator is based on a revenue share model and has a minimum duration of four years with expected launch in Q3 2021.

The German facing operator is a privately owned company, which is managed by a team with vast experience and has achieved great success in the online casino space with several online casino brands. The operator was also one of the first operators to hold a local German Schleswig-Holstein license.
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The casino offering is expected to launch in Q3 2021 and this partnership is expected to make a positive contribution to GiG’s revenues from H2 2021 onwards. They will be operating under their own MGA license with the intention of acquiring a German license once available.

Richard Brown, Chief Executive Officer at GiG said: “Our new partner has a team of proven, industry veterans driving its business, who currently operate several successful brands facing multiple markets. It’s fantastic that they have chosen our platform for their new, German facing casino brand. We are pleased to provide our GiG Core platform to them in advance of the German regulations, which complements our current offering to other noteworthy brands. We are very much looking forward to a long-term and successful relationship with our new partner.”

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 leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform and media provider delivering world class solutions to our iGaming partners and their customers. GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. 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