GiG senior executive team strengthened with Phil Richards named CFO for Platform & Sportsbook

4 June, 2024

Gaming Innovation Group (GiG) has announced the appointment of Phil Richards as Chief Financial Officer (CFO) for Platform & Sportsbook, as GiG continues the strategic strengthening of its senior executive team in Platform and Sportsbook under the guidance of its CEO, Richard Carter.


A proven financial strategist across iGaming, cybersecurity and accounting sectors, Richards’ resume includes executive positions at Kambi, and blue-chip giants Shell and KPMG, with his most recent role as CFO of AIM listed Cybersecurity Specialists Corero Network Security plc. The appointment brings expansive financial expertise and experience within online sports betting to the role of CFO at GiG Platform & Sportsbook, with his background in delivering strong financial performance complimented by his ability to instil robust financial and operational discipline, across organisations.


Richards will be responsible both for the evolution of the finance department and also supporting the wider strategic development of the business including M&A, investor relations and market development when Platform & Sportsbook will be listed at Nasdaq Stockholm in connection with the spin out of GiG.


The latest strategic appointment to the executive management line-up will help to accelerate Platform & Sportsbook’s ambitious plans for growth, as the business continues to invest across its product and technological capabilities, providing an ever more compelling suite of full service product features for its global addressable market, including its new social sweepstake casino solution, SweepX.


Focused to deliver higher player acquisition and retention, GiG’s innovative, feature lead AI stack currently powers over 60 brands in some of the most complex markets worldwide. GiG has enjoyed a significant uplift in interest following the launch of its X-Suite Platform CoreX, Sportsbook SportX, and AI led features DataX and LogicX. Leveraging the latest in AI and data based solutions, the revolutionary new technology is anchored to secure, scalable, user centric end-to-end features that are adept at maximising opportunities for operator growth.


Richard Carter, CEO for Platform & Sportsbook at GiG said; “Phil’s appointment is another significant step towards helping us reach the high bar we have set for the business. We are completing a process of bringing together the strongest leadership in sports betting and iGaming, and I am confident that his arrival will help further fuel our strategic plans, establishing us as a leader across the iGaming industry”


Phil Richards, Chief Financial Officer at GiG Platform & Sportsbook comments; “I am delighted to be joining GiG at such a pivotal moment in the Company’s growth story. The strength of the product and market reach, coupled with a best-in-class management team will enable the Company to rapidly expand and gain market share. Working alongside such an experienced executive team will allow me to further support the continued evolution of GiG’s Platform, cementing its position as the market leader for Operators globally.”



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About Gaming Innovation Group (GiG)

Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry-leading platform, sportsbook and media provider delivering world-class solutions to our iGaming partners and their customers. GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. 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.


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