The repositioning of GiG's original operator Guts is part of the B2C strategy communicated in the Q1 2019 report, where the focus going forward will be on further developing the two best performing brands; Guts by enhancing the sports betting experiences and Rizk by developing the focus on casino. This will be supported by growth in existing and new markets where the Company sees opportunities.
GiG is continuing to develop its sportsbook with new features. Key priorities are innovative trading tools, data driven odds together with a full retail and online solution. Break-even in this vertical is expected in the first half of 2020. This will be achieved by strengthening the sportsbook by growing the in-house brand Guts, by the developments in the new sportsbook and a focused marketing approach.
GiG launched its new sportsbook in June 2018 on its in-house brand Rizk.com and it has since been sold externally to brands such as MRG's subsidiary 11.lv, Metal Casino and as an omni-channel sportsbook solution to Hard Rock International.
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For further information, please contact:
Anna-Lena Åström
Head of IR & Corporate Communications
anna.lena@gig.com+356 796 998 48
About Gaming Innovation Group (GiG)
Gaming Innovation Group Inc. is a technology company providing products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group's vision is `To open up iGaming and make it fair and fun for all'. Through its ecosystem of products and services, it is connecting operators, suppliers and users, to create the best iGaming experiences in the world. GiG operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com