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Gaming Innovation Group Updates

GIG PROVIDES OPERATIONAL UPDATE

Plots sports betting launch in UK market to complement online casino offer.

In an operational update, Gaming Innovation Group (GIG) reported continued growth in its B2B segment which delivered all time high revenues in January 2017, offset by a small decline in its B2C segment compared to the previous month.

January 2017’s gross gaming revenue (GGR) for GIG’s six gaming sites, decreased 2.6 percent to Euro 22.7 million compared to December 2016, the company said.  Margins obtained were 3.63 percent for casino and 8.3 percent for sports betting. 

A 3.9 percent decrease in total active real money players for the three-month period November 2016 – January 2017 was attributed to the migration of the Betit brands to GIG’s iGaming Cloud platform in November 2016.  Betit is expected to increase going forward, GIG said.

GIG’s original brands, Guts.com, Rizk.com and Betspin.com had a 2.7 percent increase in active players from December 2016 to January 2017.

GIG will expand into the UK market following the award of a combined remote operating license to its wholly owned subsidiary, MT SecureTrade Limited.

“This licence provides an attractive opportunity for GIG to also offer sports betting to UK based customers – both for GIG’s own six brands as well as a growing number of white labels on the iGC platform. The Group’s offer to its UK clients was previously limited to online casino,” a company statement reads.



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.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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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