Industry News

Gaming Innovation Group reports Q4 2019

Published

6 years ago

February 18, 2020

The B2C divestiture reduces complexity and financial leverage, enabling complete focus on driving the inherent strategic opportunities in the core B2B platform and media, creating a foundation for sustainable earnings and growth.

“It is a great honor to write my first shareholder letter to you after my appointment as CEO in November 2019. The dynamics in the online gambling industry, both competitive and regulatory, have changed dramatically in the last two years and we as a company are forcefully adapting to that. We are coming out of a strategic review initiated in November last year, I am certain the actions taken will place the Company in a truly exciting position for growth while securing the sustainability of the Company’s financial position by significantly reducing its debt and leverage”, says Richard Brown, CEO of GiG.

Financial Highlights

Revenues in Q4 2019 of €29.4m (39.9)
EBITDA in Q4 2019 was €4.8m (5.0) with an EBITDA margin of 16.4% (12.6%)
Revenues for the B2C segment in Q4 2019 were €19.0m (25.8), EBITDA was €4.1m (0.8) with an EBITDA margin of 22% (3%)
Revenues for the B2B segment in Q4 2019 were €12.1m (16.4), EBITDA was €0.8m (4.3)
Revenues in the B2B Media Services were €7.5m (8.7) in Q4 2019, EBITDA was €4.0m (4.9)
Other operating expenses were €13.7m (15.4) a reduction by 12%, the number of employees decreased from 706 to 648 year-on-year

Operational Highlights

Richard Brown appointed new CEO on 6 November 2019
Introduction of fixed fee platform payment model
GiG launches Hard Rock International’s online sportsbook in Iowa
GiG signed with Mr Green in Latvia for platform services, casino and sportsbook
Renewal of contract with B2B partner Armstrong Operations Ltd. incl two new brands, the signed on the platform with the new fixed fee payment model

Events after Q4

Divestment of the B2C vertical to Betsson Group
Introduction of GiG’s next generation data platform, to be sold to existing customers and separately to external customers
Extension of contract with a current platform customer with the addition of two new brands on the fixed fee model
Revenues in January were 8% higher than the average in Q4 2019

Outlook and guidance

GiG will become one of few fully independent of B2C, B2B providers after divestment of the B2C segment which will give the Company dedicated focus on building the B2B business
Strategic review continues for its proprietary sportsbook; GiG is actively discussing joint ventures or other constellations with potential partners to release the true asset value of the sportsbook and to secure external long term funding
With the divestment of the B2C vertical, full year 2020 revenues are expected in the range of €70 – 75 million, with an EBITDA expected in the range of €14 – 17 million, including, for comparison, B2C as continued operations until completion of the transaction

Related Topics:Gaming Innovation Group GiG Richard Brown

Up Next

APE entered into the Operating Lease Agreement in Cebu Casino

Don't Miss

FC Barcelona & Chiliz Join Forces In A New Global Blockchain Alliance

casino apps

CasinoRank Data Reveals an Attention Crisis in Online Casino Gaming

Published

15 hours ago

January 23, 2026

Wladimir P.

casinorank-data-reveals-an-attention-crisis-in-online-casino-gaming

Online casino engagement is breaking down faster than operators anticipated, according to new research by CasinoRank. The analysis tracked player behaviour across 847 slot, crash and live dealer titles over 18 months and shows that while players are logging into casinos more frequently, their willingness to stay and engage is declining. Session frequency rose 23% year over year, while median session duration fell 18%, pointing to a shift towards shorter, faster interactions rather than sustained play.

The research draws on aggregated session data from 40 operators across Europe, Latin America and Asia between Q2 2024 and December 2025. Across markets, a consistent pattern emerged: platforms that introduced additional layers between app open and first gameplay experienced higher early-session abandonment, even when traffic increased. Personalisation layers, lobby restructuring, promotional overlays and navigation changes that delayed the first meaningful interaction were repeatedly linked to players exiting before placing a bet.

Key patterns:

• Players opening casino apps more often but exiting earlier

• Higher abandonment when friction appears before first gameplay

• Steeper retention declines as response times reach double-digit seconds

• A growing share of session losses occurring before gameplay begins.

The findings suggest the window to earn engagement has collapsed to seconds. Mobile-first behaviour has reduced tolerance for slow loading, unclear navigation or delayed gameplay. Retention declines steadily as response times increase, with the sharpest drop once delays extend into double-digit seconds.

Game performance data reflects the same shift. Titles built around immediately understandable mechanics consistently maintain top-ranking visibility longer than feature-heavy games with layered bonus structures or complex progression systems. As engagement windows shorten, complexity is increasingly perceived as friction rather than innovation.

Dylan Thomas, credibility lead at CasinoRank, said the findings point to a structural change rather than a temporary fluctuation. “Engagement is not falling. It is fracturing. Players are returning more often, but committing less time per visit,” Thomas said.

“Platforms now have seconds, not minutes, to earn the first meaningful action.”

The post CasinoRank Data Reveals an Attention Crisis in Online Casino Gaming appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Bill Hornbuckle

MGM Resorts Powers Up to 100% of Daytime Las Vegas Strip Electricity with Solar

Published

2 days ago

January 22, 2026

GamingAmericas.com

mgm-resorts-powers-up-to-100%-of-daytime-las-vegas-strip-electricity-with-solar

MGM Resorts International has reached a significant milestone in its renewable energy strategy, now powering up to 100% of its daytime electricity needs on the Las Vegas Strip with solar energy. The achievement was made possible after the Company began receiving 115 MW of solar energy and 400 megawatt-hours (MWh) of battery storage in December of 2025 from the recently completed Escape Solar and Storage Project, located in Lincoln County, Nevada.

By combining power from the newly activated Escape Solar and Storage Project with the Company’s 100-megawatt (MW) Mega Solar Array, MGM Resorts has more than doubled its access to renewable energy. In addition, the battery system from Escape Solar allows MGM Resorts to store solar energy generated during peak production hours and use it during evenings and other lower-production periods.

“With this new project coming online, we are accelerating progress toward our goal of using 100% renewable electricity domestically by 2030. Together with our Mega Solar Array, the new Escape Solar and Storage Project reflects our focus on scalable, impactful clean-energy solutions. It also demonstrates that our industry can operate more sustainably while delivering long-term cost stability, strengthening our business and supporting a more resilient energy future,” said Bill Hornbuckle, CEO and President of MGM Resorts.

MGM resorts announced a 25-year power purchase agreement with Escape Solar LLC in September of 2024 to amplify the Company’s renewable energy capabilities and extend production to cover up to 100% of its Las Vegas properties’ total daytime needs.

As an operator of large-scale resorts, MGM Resorts remains focused on expanding renewable energy use to lower long-term energy costs and mitigate exposure to energy price volatility. Since 2016, the Company has significantly reduced carbon emissions through investments in renewable energy projects, including:

• 323,000-panel Mega Solar Array providing 100 MW to MGM Resorts locations in Las Vegas

• 26,000 solar panels atop the Mandalay Bay Convention Center providing 8.3 MW to that property

• 100-kW rooftop solar array to help power T-Mobile Arena

• 3456 solar panels atop the parking garage at MGM Springfield in Massachusetts.

The post MGM Resorts Powers Up to 100% of Daytime Las Vegas Strip Electricity with Solar appeared first on Americas iGaming & Sports Betting News.

crash titles

DragoBet Launches Multi-Regional Casino and Sportsbook Platform

Published

2 days ago

January 22, 2026

Wladimir P.

dragobet-launches-multi-regional-casino-and-sportsbook-platform

DragoBet has launched its online casino and sportsbook as a service designed for use across multiple markets. The platform adjusts language, currency, and payment settings by region, while keeping casino play and sports betting available through a single account.

Players complete one registration and can use the platform on desktop and mobile devices, with the same account structure and balance maintained across all access points.

Casino and Sportsbook Offering

Drago Bet launches with a casino catalogue exceeding 10,000 titles, covering a broad range of play styles. The selection includes slot games, table formats, live dealer tables, jackpots, crash titles and other feature-based releases. Games are supplied by more than 100 established software providers, combining well-known titles with newer releases within the same library.

DragoBet sportsbook is built into the same environment as the casino and covers a mix of international competitions and locally followed events. Football, basketball, tennis and cricket make up the main focus, while a range of other sports is also included. Betting is available both ahead of kick-off and during live matches, with prices updating continuously as games unfold.

Account Structure and Payments

A single account and wallet connect both casino and sportsbook activity. A single account and wallet connect casino and sportsbook play, with one DragoBet login used to access all products under the same balance.

DragoBet casino supports a range of commonly used payment options, depending on market and currency. These typically include bank transfers, debit and credit cards, alternative card solutions, digital wallets such as Google Pay, Apple Pay, Revolut and N26, as well as cryptocurrency payments. The exact methods available are displayed within the platform.

Deposits are processed online, while withdrawals are handled following account verification in line with standard internal procedures.

Security and Compliance

The platform operates under an established offshore gaming framework. Standard operational controls are applied, including encrypted data transmission and transaction monitoring.

Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures form part of the withdrawal process. These measures are applied to support account security and payment integrity.

Bonuses and Player Programs

The casino offers a structured DragoBet bonus system for new and returning players. The welcome package is delivered across multiple initial deposits, with defined wagering conditions. Additional promotions, reload offers and cashback campaigns are available on an ongoing basis.

A loyalty system, Dragon Throne Club, is integrated into the platform. The program is structured across multiple levels and provides cashback, rakeback and account-based rewards tied to continued play.

The post DragoBet Launches Multi-Regional Casino and Sportsbook Platform appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.