Finance

GiG revenues plummet 26.4% in Q4 amid pivot to B2B business

CEO Richard Brown cites forceful adaptation to dynamic, competitive and regulatory market

Gaming Innovation Group (GiG) has revealed a 26.4% year-on-year decrease in its group revenues during the final three months of 2019, with revenues falling to €29.4m (£24.4m). The Malta-headquartered operator’s EBITDA dipped to €4.8m (£3.9m) during Q4 2019 from a previous Q4 2018 high of €5m, while the company’s EBITDA margin rose 16.4%. Revenues for…

B2B | B2C | Finance | Gaming Innovation Group | Online casino | Sports betting

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