STOCKHOLM, Aug. 14, 2018
STOCKHOLM, Aug. 14, 2018 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) reports EUR 36.9 million in revenues in Q2 2018, a 39% increase over Q2 2017. EBITDA for Q2 2018 was EUR 1.7 million, compared to EUR 1.9 million in Q2 2017.
In Q2, GiG entered the largest category in iGaming, sports betting, with a portfolio of products and the launch of the new sportsbook on Rizk.com. The Company's platform service, GiG Core, was licensed in the regulated US market of New Jersey and operations started through our partnership with Hard Rock International.
"GiG has invested significantly to expand across all verticals of iGaming. We are building to become the one stop shop for every company serious about its iGaming business. With the majority of the heavy-lifting behind us and the strongest season ahead of us, we should see growth in both revenues and profits in the coming quarters, while working towards our goal of becoming the largest full service company to the iGaming industry", says Robin Reed, CEO of GiG.
Financial highlights Q2 2018
Investor presentation and webcast:
The Company will present the Q2 2018 financial results on Tuesday 14 August 2018 at 10:00 CEST at Høyres Hus Konferanse & Selskapslokaler, Stortingsgaten 20, 0161 Oslo. The presentation will be given by CEO Robin Reed and it will be transferred via webcast:
For further information, contact:
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 our eco-system of products and services, we are connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is listed at the Oslo Stock Exchange under the ticker symbol GIG.
For more information about the Company and our services:
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
GiG Q2 Report 2018
GiG Q2 2018 Presentation
SOURCE Gaming Innovation Group
|Norbord Pursues Automatic Share Purchase Plan With B...|
|NanoVibronix Upsizes Bought-Deal Offering to $1.8 Mi...|
|Sysco Unit Wins $804.7 Million Pentagon Contract for...|
|Riverview Bancorp Names Gerald Nies as New Chairman|
|Gran Tierra Energy Resumes Production at Several Col...|