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Gaming Innovation Group Q3 2015
Thursday, November 12, 2015 : STRONG QUARTERLY PERFORMANCE FROM GAMING INNOVATION GROUP
All time high quarterly revenues achieved.
Gaming operator Gaming Innovation Group (GIG) reported all time high quarterly revenues in its third quarter report this week.
The group said it had established a solid platform for expansion through the signing of seven iGamingCloud (iGC) agreements, strong cash flow from Innovation Labs and an increasing number of paying users.
For the three month period ending September 30, 2015 GIG reported all time high revenues of Euro 6 million, up 25 percent compared to its last quarter and 62 percent on last year’s third quarter.
Other key performance indicators included a gross profit margin up 4 percent compared to Q2/2015. Cash flow from operations continued to be invested in growth, leaving an EBITDA of EUR 0.0 million, compared to EUR 0.18 million in Q3 2014.
GIG expects its current portfolio of iGamingCloud agreements to generate an annual contribution of Euro 2.8 million.
“I am pleased to see continued growth in all business areas for the third quarter,” Robin Reed, group chief executive officer said.
“GIG has experienced strong industry interest for the iGamingCloud platform and contracts entered into confirms this view.
“Together with the company’s own brands, innovative solutions and market approach, GIG has established a solid platform and is set to continue its strong growth into 2016”.
Americas Card Room Online Super Series Starts Now -
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New Quick Seat feature at Ignition Poker -
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Finnish people prefer the government to run the casinos -
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NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 -
The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?
Caesar’s Triumph Slot Launches -
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NHL Odds: Pacific Division Foes Face Off in Edmonton -
The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.
Bingo Cataratas Offers Unique Spin on Classic bingo -
Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.
NBA Odds: Hawks-Pacers in Regular-Season Finale -
Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.
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