Gaming Innovation Group: 2019 Financial update
Gaming Innovation Group Inc. (GiG) announces today the divestment of its B2C vertical. For transparency, GiG has decided to release its Group revenue and EBITDA numbers for the full year and fourth quarter 2019. GiG’s full year 2019 revenues were €123.0 million (€29.4m in Q4 2019) with an EBITDA 2019 of €14.1 million (€4.8m Q4 2019), assuming B2C as continued operations. The isolated B2C full year 2019 revenues were €79.0 million (€19.0m in Q4 2019) with a full year 2019 EBITDA of €8.1 million (€4.1m in Q4 2019). For more details, see separate announcement today.
Disclaimer: GiG will report its full year and fourth quarter 2019 results on 18 February. The numbers may deviate from the above.
This information is information that Gaming Innovation Group Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, at 07:30 CET on 14 February 2020.
About Gaming Innovation Group (GiG):
Gaming Innovation Group Inc. is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through its ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com