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Gentoo Media (formerly Gaming Innovation Group Inc.) announces the completion of its legal split, spinning off the platform business and creating two independently listed companies
It’s with great pleasure Gentoo Media announces that the restructuring process of dividing Gentoo Media Inc.’s (formerly Gaming Innovation Group Inc.) media and platform division into two independently listed companies, has been finalised as of 30 September 2024.
Following a final approval of the Board of Directors of Gentoo Media, all necessary legal steps have been completed, and the assets and subsidiaries of the platform business have been extracted from Gentoo Media Inc. and distributed to the shareholders. The platform business will continue as an independent B2B company under the name GiG Software PLC, providing its proprietary platform and sportsbook technology across the global iGaming sector.
Gentoo Media continues as an independent public company and a pure media business, continuing the business’s journey as a market-leading affiliate in the iGaming industry.
In addition, Gentoo Media also announces that it has entered into a EUR 25 million Revolving Facility Agreement with Citibank Europe plc., securing financial flexibility and operational excellence in its daily operations. Gentoo Media is very pleased to have Citi as its official main bank and looks forward to working closely with them.
Mikael Harstad, Chairman of the Board in Gentoo Media, expressed his satisfaction with the completion of the split, stating: “This marks a new chapter in the ongoing evolution of our media affiliate business. Gentoo Media is now well-positioned to continue its remarkable growth journey as an independent and vertical focused company within iGaming.”
Jonas Warrer, CEO of Gentoo Media, stated: “We are thrilled by the opportunities this split presents, allowing us to strengthen our market leadership while enhancing shareholder value”.
Shareholder information
The distribution of the platform business to the shareholders is in the form of depository receipts in GiG Software PLC, i.e. Norwegian Depository Receipts (NDRs) to investors holding shares in Euronext Securities Oslo (VPS), and Swedish Depository Receipts (SDRs) to investors holding shares in Euroclear Sweden.
GiG Software PLC’s SDRs will be listed on Nasdaq First North Premier Growth Market with the first day of trading 1 October 2024. Neither the SDRs nor the NDRs will be listed on any stock exchange in Norway, however, holders of NDRs will have the possibility to convert the NDRs to SDRs by contacting their banks or brokers. In addition, GiG Software PLC aims to list the NDRs on the Euronext NOTC market.
GiG Software PLC has been funded with a starting cash balance sufficient to secure its operations and in addition, Gentoo Media Inc. has used part of the proceeds from the share issue in June 2024 to repay the EUR 5.9 million bank loans held by Sportnco prior to the spin off.
The media division will operate as an independently listed company under the name Gentoo Media Inc. and continues its dual listing on the Oslo Stock Exchange, Norway, with the ticker symbol G2MNO, and on Nasdaq Stockholm, Sweden, with the ticker symbol G2M.
The post Gentoo Media (formerly Gaming Innovation Group Inc.) announces the completion of its legal split, spinning off the platform business and creating two independently listed companies appeared first on European Gaming Industry News.
SOFTSWISS, a global tech company with over 15 years of iGaming experience, invites industry experts to share their vision and insights on trends that will dominate in 2025.
SOFTSWISS continues the tradition of preparing comprehensive reports on emerging tendencies with the upcoming 2025 edition. Following the success of the previous two editions, which were downloaded over 3,500 times, the company invites industry experts to contribute their perspectives and experience to make the third report even more relevant to the community.
The new iGaming Trends 2025 Report will allow industry experts to share their visionary ideas with the whole iGaming sector. Industry professionals can follow the link to share their predictions on which trends will dominate and stay pertinent next year. Participation is anonymous; however, those experts wishing to be quoted can provide their contact information.
With the iGaming Trends 2025 Report, visionaries can emerge from any position or company and make their voices heard by offering unique and compelling ideas. As a token of appreciation, five participants who share their contact details will be randomly selected to receive gifts from SOFTSWISS, with shipping included.
Valentina Bagniya, Chief Marketing Officer at SOFTSWISS, shares: “A few years ago, it was tough to get proper and relevant information on the iGaming industry and oversee the future of its development. The lack of research and relevant information did not allow trustworthy predictions and business growth to be planned. Our iGaming Trends report is not a strict guideline but rather a beacon, helping you navigate the turbulent sea of new ideas and stay on the right course.”
SOFTSWISS consistently delivers insights and tools to help the iGaming industry navigate change. The 2024 iGaming Trends Report was widely regarded for its comprehensive coverage of regulation, marketing, responsible gambling, and fraud prevention – providing essential guidance for long-term business strategy. One of the latest editions, SOFTSWISS recently launched the Casino SEO Audit Guide to help operators boost brand visibility and attract more players.
Now, the 2025 iGaming Trends Report is in development, aimed at reflecting the most significant shifts in the industry. Survey responses will directly shape the report, making it a vital resource for decision-makers. By contributing, experts ensure that the final report captures the real changes driving the market.
About SOFTSWISS
SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 23,500 casino games, the Affilka Affiliate Platform, the Sportsbook Software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.
The post SOFTSWISS Invites Experts to Participate in iGaming Trends 2025 Survey appeared first on European Gaming Industry News.
FBM Digital Systems (FBMDS), The Online Casino Game Changer, is set to dazzle iGaming enthusiasts at the upcoming G2E Las Vegas, from October 8th-10th, at booth 2848. The brand will showcase its product novelties exclusively at the tradeshow alongside FBM®, including the Ronaldinho Crash, the Infinity Series video bingo collection, the Champion Tales crash game, solidarity initiatives and more.
G2E Las Vegas 2024, held in the vibrant city of Las Vegas, Nevada, is expected to attract over 25 thousand visitors. This event represents a prime opportunity for FBMDS to present its latest innovations to online casino operators and aggregators, offering them the chance to experience exciting product releases firsthand and ignite the Champion’s glow like no other.
Among the key highlights at FBMDS’ booth is the new Ronaldinho Crash game, destined for sports lovers and fans of entertainment worldwide, which will be a show-stopper. The Ronaldinho Crash game is one of FBMDS’ latest product releases, featuring the global football star Ronaldinho Gaúcho on a thrilling keepy-uppy crash gaming experience.
The game has been recently launched during the American Cup and will be available to try at the fair along with a solidarity initiative, and is already winning over crowds in multiple countries around the globe. Visitors at booth 2848 will also be able to engage in a soccer challenge to support FBM Foundation’s solidarity efforts, making a positive impact in the communities that need it the most.
In the video bingo segment, in which FBMDS is a world leader, the Infinity Series will be presented as the brand-new generation of video bingos with improved game mathematics, enhanced gameplays, and innovative mechanics. Apart from these new bingo experiences for the first time at the spot, but they will also have the opportunity to try out the recently launched Champion Tales crash game, that promises thrilling sensations for those who enjoy big emotions, making it a sure bet for any online casino.
As always, FBMDS’ prepared an engaging slot games portfolio for the event, showcasing the best of the spins segment. This selection includes popular game titles like Safe Blaster
, Viva Mexico or the Golden Mystery product line, among others.
FBMDS’ presence at G2E Las Vegas is not just about showcasing products but also about engaging with key stakeholders and fostering new business partnerships. “The event aligns perfectly with FBMDS’ mission to influence and contribute to the future of iGaming, highlighting cutting-edge strategies, player insights, and regulatory advancements that have driven its success across multiple markets”, shares Renato Almeida, Director at the FBM® Group.
In addition to showcasing its latest products and heartwarming initiatives, the FBMDS team will be actively engaging with attendees throughout the event. Other key representatives, including Mariana Tostes, Head of Operations, and André Quero, Business Developer, will be also available for networking, ready to explore new opportunities and collaborations.
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