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Gaming Innovation Group Q2/2015 results
GIG MOVING IN THE RIGHT DIRECTION
Q2/2015 results show positive trend.
Gaming Innovation Group, (GIG), parent company of Guts.com, delivered an upbeat quarterly report saying it has succeeded in establishing a solid platform from which to grow.
Key performance indicators for the period include:
- Net income of Euro 800 000 (Q2/2014: Euro -100 000).
- Profit before tax amounted to Euro 900 000 (Q2/2014: Euro -200 000).
- Operating profit was Euro 0.0 (Q2/2014: Euro -200 000).
- Operating revenues of Euro 4.8 million (Q2/2014: Euro 2.6 million), up 88 percent.
- EBITDA Euro 72 500 (Q2/2014: Euro199 000).
“The second quarter has been eventful and GIG has made considerable progress in all business areas,” Robin Reed, chief executive officer of GIG said.
“I am very pleased that we can present a positive result in a period characterized by major changes and strong growth.”
Based on trading since, GIG said it has a favourable outlook on its performance for the rest of 2015.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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