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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 :

What are the best casinos to visit in Europe to play poker? - There are many reasons why we travel. Sometimes we are simply bored of our regular surroundings and we decide to take a weekend break

3 Top Bitcoin Poker Sites - Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.

Kentucky Derby Odds: Justify still Favorite - With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.

$40,000,000 guaranteed Partypoker Powerfest - $40,000,000 guaranteed POWERFEST schedule released. 6th-20th May, 366 events, 13 events with $1,000,000+ guaranteed

888Poker Takes Over the States - With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?

Top gambling ICOs to watch this year - The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.

MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

MPN Poker Tour Bratislava | Day 2 - It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.

MPN Poker Tour Bratislava Day 1B - Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today

MPN Poker Tour Bratislava Day 1A - The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.

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