Connect with us

Latest News

Gaming Innovation Group reports Q4 2020

Published

on

Reading Time: 2 minutes

 

Gaming Innovation Group Inc. (GiG) reports Q4 2020 revenues of €17.3 million and an EBITDA of €4.1 million.

Richard Brown, CEO of GiG comments: “2020 has seen some significant milestones accomplished in GiG’s journey to become a leading B2B platform and media supplier in the iGaming industry and the fourth quarter continued to demonstrate the results of actions taken through the year by delivering yearly growth in normalised revenues and EBITDA  by 19% and 212% respectively”.

Financial Highlights

  • Revenues in Q4 2020 were €17.3m (10.4), up 66% from Q4 2019, all organic growth
  • Normalised revenues were €14.2m (10.2), an increase of 38%
  • EBITDA in Q4 2020 was €4.1m (0.1), up 4431%, normalised EBITDA margin increased to 29.2% (0.9%)
  • For the full year 2020, normalised revenues was €52.2m (43.8) a 19% increase from 2019, with an EBITDA of €10.7m (3.4) a 212% increase from 2019
  • Revenues in Media Services improved to €9.0m (7.5) in Q4 2020, an increase of 20%,with an EBITDA of €4.3m (4.0)
  • Normalised revenues for Platform Services were €4.9m (4.2), up 19%, with a positive EBITDA of €0.2m (-1.4)
  • EBITDA for Sports Betting Services was €-0.3m (-1.8) an improvement of €1.5m, driven by a 78% reduction in operating expenses
  • To further expedite revenue generating activities, enhance future growth and strengthen the cash position, a €8.5m subordinated convertible loan was issued in December

Operational Highlights

  • The sales pipeline developed positively, and four new agreements were signed for Platform Services in the fourth quarter, adding to a total of 14 in 2020, whereof 4 is casino and sportsbook and 10 casino only
  • GiG’s platform went live with two clients in the fourth quarter, and the integration pipeline included 14 brands as of year end 2020
  • The strategic decision to remove the white-label business entered final phases and was a driver in the flat revenue QoQ but improved the EBITDA margin
  • Media Services experienced positive developments in the quarter, finishing off the year with all-time high revenues in December. Player intake was strong, with FTDs up 36% YoY and 9% QoQ
  • Sports Betting Services restructuring completed, placing Sports Betting Services in a sustainable position for growth and strategic partnerships
  • Restructuring completed with comparable operating expenses reduced by 25% YoY, the Company now have a sound cost base for operational improvement going forward

Events after Q4

  • Signed a long-term platform agreement with Playstar to support their entry into the expanding US iGaming market
  • Signed a LOI with an established German facing iGaming operator, for the provision of  platform technologies to power their new online casino.
  • Awarded ISO 27001:2021 certification for its frontend development solution and content management system
  • GiG Media delivered another all-time high in revenues in January corresponding with another all-time-high in FTD’s referred
  • One brand went live so far in 2021, with two additional expected in Q1-2021
  • January has developed positively and normalised revenues are up 40% compared to the same period last year

Investor presentation and webcast

CEO Richard Brown will present the Q4 2020 results today via livestream at 11:00 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.

Link to the livestream:
https://www.redeye.se/events/803325/live-q-gaming-innovation-group-feb-23rd

Powered by WPeMatico

Continue Reading
Advertisement

Barbie Nerz Head of Online Games at Staatliche Toto-Lotto GmbH Baden-Württemberg

Peter & Sons Partners with Staatliche Toto-Lotto GmbH Baden-Württemberg for German Market Entry

Published

on

peter-&-sons-partners-with-staatliche-toto-lotto-gmbh-baden-wurttemberg-for-german-market-entry

The innovative iGaming studio Peter & Sons, based in Barcelona, has enhanced its presence in Europe by entering a new partnership with erwin, the virtual slot platform of Staatliche Toto-Lotto GmbH Baden-Württemberg, a prominent and well-established gaming operator in Germany.

Established in 1948, Staatliche Toto-Lotto GmbH Baden-Württemberg has earned a solid reputation for dependability, integrity, and creativity in Germany’s regulated gaming industry. The operator is key to the nation’s lottery landscape and is enhancing its digital entertainment services with authorized online gaming products. Since 2023, Staatliche Toto-Lotto GmbH Baden-Württemberg provides virtual slot games at www.lotto-bw.de/erwin. Here, you can explore a diverse range of fun and appealing slots that are refreshed frequently.

Additionally, Staatliche Toto-Lotto GmbH Baden-Württemberg seeks to provide gambling products in its range that cater to the changing requirements of its customers. By doing so, the organization emphasizes trust and safety. Ensuring adherence to measures for the protection of youth and players is consequently a foremost concern.

Famous for its collection of art-focused games, unique characters, and captivating game environments, Peter & Sons has gained global acclaim for advancing the limits of creativity in slot design.

Yann Bautista, Founder and Commercial Director at Peter & Sons, said: “We are delighted to partner with Lotto Baden-Württemberg, an operator that has earned enormous trust within the German gaming community. Germany represents an important regulated market for us, and working with such a respected partner allows us to introduce our games to a broad audience of players who appreciate high-quality entertainment and distinctive design.”

Barbie Nerz, Head of Online Games at Staatliche Toto-Lotto GmbH Baden-Württemberg: “Peter & Sons has developed a reputation for producing visually striking and highly engaging games, and we are excited to welcome their portfolio to our platform. Our goal is always to provide players with diverse, high-quality content, and this partnership represents another step forward in expanding the entertainment experiences we offer.”

The post Peter & Sons Partners with Staatliche Toto-Lotto GmbH Baden-Württemberg for German Market Entry appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

BiS SiGMA Americas 2026

EGT Digital Highlights Latest Advancements at BiS SiGMA Americas 2026

Published

on

egt-digital-highlights-latest-advancements-at-bis-sigma-americas-2026

EGT Digital will participate in BiS SiGMA Americas 2026, taking place 6–9 April in São Paulo, Brazil, where visitors can meet the team at stand L146. Following its recent presence at SBC Summit Rio, the company continues to strengthen its engagement in the Brazilian market with a focused showcase of high-performing content and advanced technology solutions.

A key highlight will be Panda Ventura, one of EGT Digital’s most warmly received recent releases. Combining a distinctive visual identity with smooth, intuitive gameplay, the title delivers a well-balanced flow that builds excitement naturally and encourages longer play sessions. As the first entry in the new Ventura series, it sets the foundation for a character-led lineup that will soon expand with Tiger Ventura.

Alongside it, visitors will discover a portfolio of 180+ in-house slot titles, including the proven jackpot series Bell Link, Clover Chance, and Gods & Kings Link, all designed to drive strong engagement and consistent performance across markets.

EGT Digital will also present X-Nave, its modular iGaming platform integrating Casino, Sportsbook, CRM, Payment Gateway, Bonus Hub, and a powerful Aggregator with 20,000+ games from 200+ providers.

The platform includes a high-performance Sportsbook delivering flexible integration, advanced personalization, and a fast, seamless betting experience, while proprietary AI enhances engagement through intelligent promotional tools and automated features.

Participation in BiS SiGMA Americas highlights EGT Digital’s ongoing commitment to LATAM and Brazil, supporting operators with scalable, high-performance solutions tailored to local market needs.

Visitors to booth L146 will also have the opportunity to see and test the VLT products of EGT, which are developed specifically for the Brazilian market.

Following their successful debut at SBC Summit Rio earlier in March, the Video Lottery Terminals Super Sorte 27/27 ST and Super Sorte 43V, along with the online betting terminals Top Estrela and Bar Estrela, are expected to attract strong attention at SiGMA Americas. They stand out with their modern design, user-friendly features, and engaging gaming experience.

In addition, the popular multigame mix GOLD VLT will also unveil its range of 50 captivating titles, created for the local gaming audiences.

With a growing portfolio and a technology ecosystem built for performance and adaptability, EGT Digital continues to deliver solutions truly Designed to Perform.

The post EGT Digital Highlights Latest Advancements at BiS SiGMA Americas 2026 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

BiS SiGMA Americas 2026

EGT Digital to Showcase Key Innovations at BiS SiGMA Americas 2026

Published

on

egt-digital-to-showcase-key-innovations-at-bis-sigma-americas-2026

EGT Digital will participate in BiS SiGMA Americas 2026, taking place 6–9 April in São Paulo, Brazil, where visitors can meet the team at stand L146. Following its recent presence at SBC Summit Rio, the company continues to strengthen its engagement in the Brazilian market with a focused showcase of high-performing content and advanced technology solutions.

A key highlight will be Panda Ventura, one of EGT Digital’s most warmly received recent releases. Combining a distinctive visual identity with smooth, intuitive gameplay, the title delivers a well-balanced flow that builds excitement naturally and encourages longer play sessions. As the first entry in the new Ventura series, it sets the foundation for a character-led lineup that will soon expand with Tiger Ventura.

Alongside it, visitors will discover a portfolio of 180+ in-house slot titles, including the proven jackpot series Bell Link, Clover Chance, and Gods & Kings Link, all designed to drive strong engagement and consistent performance across markets.

EGT Digital will also present X-Nave, its modular iGaming platform integrating Casino, Sportsbook, CRM, Payment Gateway, Bonus Hub, and a powerful Aggregator with 20,000+ games from 200+ providers.

The platform includes a high-performance Sportsbook delivering flexible integration, advanced personalization, and a fast, seamless betting experience, while proprietary AI enhances engagement through intelligent promotional tools and automated features.

Participation in BiS SiGMA Americas highlights EGT Digital’s ongoing commitment to LATAM and Brazil, supporting operators with scalable, high-performance solutions tailored to local market needs.

Visitors to booth L146 will also have the opportunity to see and test the VLT products of EGT, which are developed specifically for the Brazilian market.

Following their successful debut at SBC Summit Rio earlier in March, the Video Lottery Terminals Super Sorte 27/27 ST and Super Sorte 43V, along with the online betting terminals Top Estrela and Bar Estrela, are expected to attract strong attention at SiGMA Americas. They stand out with their modern design, user-friendly features, and engaging gaming experience.

In addition, the popular multigame mix GOLD VLT will also unveil its range of 50 captivating titles, created for the local gaming audiences.

With a growing portfolio and a technology ecosystem built for performance and adaptability, EGT Digital continues to deliver solutions truly Designed to Perform.

The post EGT Digital to Showcase Key Innovations at BiS SiGMA Americas 2026 appeared first on Americas iGaming & Sports Betting News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania