Latest News

Gaming Innovation Group reports Q2 2021

Published

5 years ago

August 18, 2021

George Miller

Reading Time: 2 minutes

Gaming Innovation Group Inc. (GiG) reports Q2 2021 revenues* of €16.2 million and an EBITDA of €5.3 million.

“Another rewarding quarter for GiG, with meaningful growth in revenues, EBITDA and EBIT as well as underlying business dynamics. The Company is progressing towards our business growth & expansion strategies, improving delivery and future position of the group”, says Richard Brown, CEO of GiG.

Financial Highlights

Revenues* in Q2 2021 were €16.2m (13.2), an increase of 23%, all organic growth
EBITDA was €5.3m (2.8), up 86%, EBITDA margin* increased to 32.6% (21.6%)
Revenues in Media Services at all-time high of €11.0m (8.6), an increase of 28%, with an all-time-high EBITDA of €5.3m (4.8)
Revenues* for Platform Services were €5.1m (4.7), an increase of 9%, with a positive EBITDA of €0.2m (-0.9)
Positive EBIT of €2.1m (-2.2), an improvement of €4.3m
Positive cash flow from operations of €3.4m (10.1)
Strengthening of the balance sheet through conversion of €8.5m convertible loan and refinancing of bond, maturity extended to June 2024

Operational Highlights

Signed an agreement for the provision of GiG’s iGaming platform to power a new online casino for the European market, operating on its own license
Signed an agreement with current partner PlayStar Casino, for the provision of GiG’s iGaming platform technologies to power the brand’s expansion into the state of Pennsylvania
One new brand was launched in Q2 and the development for three additional brands are now complete, whereof one went live on the platform in August with the remaining pending the clients’ decision to launch, expected in Q3 2021
Media Services continued its positive development in the quarter, with all-time high revenues and player intake
Entered three new markets in Media and three in Platform
Sports Betting Services continued to improve operations, securing a sound cost base for future growth
Winner of Full Service Platform of the year at EGR iGaming awards and Top 3 in EGR Power Affiliates 2021

Events after Q2

One brand went live in August, two additional brands are development complete and ready to go live, and the remaining integration pipeline are progressing towards their project plans
July has developed positively, and revenues are up 10% compared to the same period last year, and adjusted for terminated white-labels and Germany, revenues are up 26%

*Revenues are adjusted for revenues from a platform client where GiG recognizes the full operations in its profit and loss statement, which are partly offset by related cost of sales and site overheads. Cost of sales, marketing expenses and EBITDA-margin are adjusted accordingly. See Note 2 in the Q2-2021 Interim Report for more details.

Investor presentation and webcast

CEO Richard Brown will present the Q2 2021 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.

Link to the livestream:
https://www.redeye.se/events/816681/live-q-gaming-innovation-group

1spin4win

1spin4win celebrates 200 classic slots in its portfolio

Published

51 minutes ago

April 16, 2026

Wladimir P.

1spin4win-celebrates-200-classic-slots-in-its-portfolio

1spin4win, an established slot provider, extends its timeless offering to 200 diverse titles. The milestone highlights the studio’s commitment to delivering high-quality gaming experiences rooted in traditional gambling.

With the launch of Cash’n Fruits 27 on April 9, the 1spin4win portfolio has surpassed the mark of 200 classic slots. This achievement reflects the studio’s consistent release strategy. The provider launches four to five new games each month, ensuring a steady stream of fresh, diverse content for its global audiences. This includes timeless fruit titles, captivating themed adventures, no-coin formats, and vibrant seasonal releases tied to major international holidays.

With 15 years of experience in the gambling industry, the studio brings authentic casino experiences to digital platforms. At the core of 1spin4win titles are advanced mathematics, well-balanced gameplay, and fair RTPs. These features define the provider’s winning formula for driving substantial wagering volumes and consistent 40% month-to month retention.

While staying true to its classic roots, the 1spin4win portfolio offers a diverse mix of mechanics to appeal to different player preferences. Among the most popular formats, coin-based slots and jackpot-driven bonus games stand out, both of which are featured in 4 of the top 10 releases of all time.

But leading the way is the Allways mechanic, where every matching combination pays from left to right. Its presence in 7 out of 10 1spin4win’s top releases of all time highlights the strong appeal of intuitive, clear gameplay — a quality that makes the provider’s slots accessible to players of all types.

Olga Bogdanova, Art Director at 1spin4win, commented, “At 1spin4win, we’re excited to reach the milestone of 200 games — it happened so quickly we barely even noticed! This achievement is a testament to our steady growth and creative development over the years. Looking ahead, we will continue evolving within the classic niche, exploring new mechanics, engaging storylines, and memorable characters.”

About 1spin4win

1spin4win is an established game provider founded in May 2021 by ambitious developers with over 15 years of experience in the gambling industry. Since its inception, the company has expanded its portfolio to include 200 classic online slots, all characterized by quality mathematics, transparent mechanics, and well-balanced gameplay — key factors that drive strong player retention. The studio aims to release an average of four new games each month in 2026 and offers effective promotional tools for casino operators to help them enhance player loyalty.

The post 1spin4win celebrates 200 classic slots in its portfolio appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Belatra

Belatra marks 33 years with April anniversary campaign

Published

51 minutes ago

April 16, 2026

Wladimir P.

belatra-marks-33-years-with-april-anniversary-campaign

The slots supplier says its portfolio now exceeds 150 games and highlights recent LatAm expansion from its Buenos Aires base.

Belatra is marking its 33rd birthday with an anniversary campaign running throughout April, the iGaming slots developer said.

The company said it was founded in 1993 and has since transitioned from building gaming machines for land-based casinos to producing digital content. Belatra added that its portfolio has grown to more than 150 games.

Belatra also pointed to its strategic Latin American headquarters in Buenos Aires as a key base for regional partnerships and growth.

Misha Voinich, Head of Business Development at Belatra, said: “We’re only just getting started, but birthdays provide the perfect chance to reflect on our successes and the path that’s brought us here. From launching our innovative ‘multi-universe’ content strategy to our rapid expansion in Latin America, the successful launch of our first Crash game, and multiple high-profile industry award wins — we are always developing, creating, and evolving. 33 years of innovation, dedication, and gaming excellence — and the best is yet to come.”

Belatra did not provide additional detail on upcoming releases or the timing of any new product announcements beyond saying updates will land during April.

The post Belatra marks 33 years with April anniversary campaign appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.