Gaming Innovation Group positive performance

GIG HAILS PERFORMANCE IN UPDATE

Progressing in the right direction.

Gaming Innovation Group (GIG) hailed a positive performance in July, of which it said it normally experiences a negative seasonality effect.

The company reported an all time high in gross gaming revenue for its Guts, Rizk and Betspin operations along with a 10 percent increase in total deposits to Euro 10 million, and margins of 3.46 percent for casino and 9.30 percent for sports betting.

Total registered users on GIG’s iGaming sites Guts.com, Betspin.com and Rizk.com rose to 473,004 at July 31, 2016 up from 445,125 as recorded June 30, 2016.

GIG’s cloud based platform service iGaming Cloud now hosts twelve external clients in addition to its own brands with another four in beta testing which it expects will go live later this month.