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Gaming Innovation Group reports Q2 2020

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Gaming Innovation Group Inc. (GiG) reports Q2 2020 revenues of €16.7 million and an EBITDA of €2.8 million.

“Q2 was a strong start for GiG as its first quarter as a B2B only company, and the signings after the quarter confirm further my confidence that the Company can continue to grow and flourish which will deliver shareholder value in the years to come.”, says Richard Brown, CEO of GiG.

Financial Highlights

  • Continued quarterly growth with revenues in Q2 2020 of €16.7m (11.3), 47% growth Y/Y and 49% Q/Q
  • EBITDA in Q2 2020 was €2.8m (1.5), 93% growth Y/Y and 382% Q/Q. EBITDA margin of 17.0% (13.0%)
  • Revenues in Media Services were €8.6m (8.6) in Q2 2020, EBITDA was €4.8m (4.7) with all time high for Paid
  • Revenues in Platform Services were €8.2m (4.2) in Q2 2020, EBITDA was €-0.9m (-1.1)
  • EBITDA for Sports Betting Services improved to €-0.9m (-1.5) due to reduction in operating expenses by 44%
  • Cash flow from operations in Q2 2020 was €10.1m (3.2) and cash used in investing activities was €1.5m (3.5).

Operational Highlights

  • The B2C vertical was divested to Betsson effective on 16 April 2020, with Betsson as a new long term customer on Platform Services
  • Media Services continued its quarterly growth in both revenue and FTDs, up 5% and 22% respectively
  • SkyCity’s successful online expansion in 2020 confirms GiG’s ability to transition a land based casino to online
  • Signed long-term agreement with GS Technologies Limited for the provision of GiG’s platform and front-end development to a new casino brand
  • The sales pipeline developed positively, however some of the final contract negotiations was delayed as land based operators came to terms with actions around Covid-19
  • Cost savings initiatives are progressing according to plan, which is expected to further reduce operating expenses by year end 2020
  • The number of employees decreased from 709 to 487 year-on-year
  • The SEK300 million bond was repaid on 22 April 2020.

Events after Q2

  • Signed three new long-term agreements for GiG’s platform including sports and managed services, further agreements are expected to be signed before year end
  • The positive development continues after Q2, July revenues on adjusted basis were up 38% compared to same period last year
  • The revenue guiding for continued operations for 2020 are increased to between €52 – 57 million, with an EBITDA expected in the range of €12 – 15 million.

Investor presentation and webcast

CEO Richard Brown will present the Q2 2020 results via livestream at 10:00 CET. The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.

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155.io

155.io flips the script again with Coin Flip game release

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155.io, the live content studio built for a mobile-first world, has turned convention on its head with the launch of Coin Flip, a machine-run coin-flipping game.

Tossing coins is as old as time as a means to settle football matches, pub games, and everyday decisions – now 155.io has transformed that timeless ritual into a live, 24/7 digital betting experience.

Central to Coin Flip is a real coin-flipping machine, powered by a precision solenoid and monitored by an overhead camera. Every coin flip is analysed by machine learning and AI systems that record and validate results in real time, feeding the outcome directly into a secure game engine. All players have to do is correctly pick heads or tails – one side features the U.S. President and the other the American flag.

Coin Flip runs continuously, 24 hours a day, offering the world’s simplest, fastest, and totally transparent betting experience.

155.io Founder and CEO Sam Jones commented: “Tossing coins is something humans have done for millennia to decide anything from fixtures to fiefdoms. Coin Flip modernises that ancient ritual, in true 155 style, and adds a competitive layer that makes it seriously entertaining.”

The post 155.io flips the script again with Coin Flip game release appeared first on European Gaming Industry News.

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Asia

PG Soft unveiled as SiGMA South Asia sponsor

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PG Soft, a world-class digital mobile games company, has been unveiled as a sponsor of SiGMA South Asia 2025, taking place from November 30th to December 2nd at the Lumina Ballroom, Cinnamon Life City of Dreams, Colombo, Sri Lanka.

PG Soft’s sponsorship will ensure prominent brand visibility throughout the three-day event, including at key locations such as the registration desk and on the LED Arch at the hotel lobby entrance. A 40-second promotional video will also play on loop across the LED screen pillars within the hotel lobby.

Additionally, a PG Soft display image will feature in the same area, providing further exposure to SiGMA South Asia attendees as they arrive and move through the venue.  SiGMA South Asia 2025 is set to bring together leading stakeholders from across the global iGaming ecosystem for a dynamic summit that blends innovation, networking, and regional insight in one of Asia’s fastest-growing markets.

PG Soft’s spokesperson commented: “Sri Lanka is primed to be a pivotal market in South Asia, and we wanted to demonstrate our belief in its potential by sponsoring SiGMA South Asia. Colombo is the perfect place to connect, collaborate, and explore new opportunities across this rapidly developing region.”

The post PG Soft unveiled as SiGMA South Asia sponsor appeared first on European Gaming Industry News.

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2025 Global Regulatory Awards

Casino Guru wins Outstanding Contribution to Safer Gambling at 2025 Global Regulatory Awards

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Casino Guru is proud and pleased to have been awarded the “Outstanding Contribution to Safer Gambling” at the 2025 Global Regulatory Awards, celebrating the company’s longstanding tradition in bringing a safe, transparent, and responsible experience to players.

The distinction marks the latest accolade Casino Guru has won in the Responsible Gambling field, further highlighting the company’s ethos and philosophy for nurturing a sustainable and accountable industry where players are protected.

Commenting on the achievement, Šimon Vincze, the Sustainable & Safer Gambling Lead at Casino Guru, said: “Speaking on behalf of our entire team, I am humbled to accept this award, which is the latest distinction in Casino Guru’s unflagging efforts to make gambling safer and more transparent. Receiving this distinction from Vixio’s 2025 Global Regulatory Awards, and against a field of more companies that have dedicated efforts to making the industry more responsible, is an honor that motivates us to work harder and contribute to the collective effort.”

Casino Guru’s RG and fair efforts are captured in the very essence of what the company does. The company’s Safety Index has become a carefully curated benchmark that reviews and assigns casino ratings based on player preferences and interactions, prioritizing transparency above all else.

Casino Guru has launched multiple projects to this end, including the Casino Guru Academy, designed to educate industry professionals about the pillars of responsible, fair, and sustainable gambling. Apart from these, the company has also launched the Complaint Resolution Center, similarly intended to help players on their journey in iGaming.

The center has returned over $52 million as of today. Vincze himself has played a crucial role in the promotion of RG and raising awareness about the terminology associated with this, helping it become a more widely understood phenomenon in the industry rather than a tick box companies ought to complete, an effort he has spearheaded through the Global Self-Exclusion Initiative and the Safer Gambling Talks podcast.

Not least, Casino Guru has launched the Casino Guru Awards, a project centered around recognizing and celebrating the most successful and responsible companies in iGaming. The project has grown and is heading into its fourth year with new categories, sponsors, judges, and an expanding format.

All of these achievements have collectively served as the basis of Casino Guru winning this year’s Outstanding Contribution to Safer Gambling distinction.

The post Casino Guru wins Outstanding Contribution to Safer Gambling at 2025 Global Regulatory Awards appeared first on European Gaming Industry News.

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