Finance

GiG gaming profits down as operator shifts focus to B2B

CEO says gaming arm will focus on lowering operational costs in coming quarters

Gaming Innovation Group (GiG) has reported a 20% year-on-year increase in revenues to €24.2m for its B2C arm, although EBITDA slipped 47.3% to €-2.8m on increased marking costs and unusual hot weather in Scandinavia. Group revenues were up 39% on the previous year to €369m with B2B revenue growth up 83% to €15.6m. The quarter…

Finance | Gaming Innovation Group | Nordics | Sweden

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