Gaming Innovation Group reports Q4 2020
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OSLO, Norway, Feb. 23, 2021 /PRNewswire/ Gaming Innovation Group Inc. (GiG) reports Q4 2020 revenues of €17.3 million and an EBITDA of €4.1 million.
Richard Brown, CEO of GiG comments: 2020 has seen some significant milestones accomplished in GiG s journey to become a leading B2B platform and media supplier in the iGaming industry and the fourth quarter continued to demonstrate the results of actions taken through the year by delivering yearly growth in normalised revenues and EBITDA by 19% and 212% respectively .
Financial Highlights
Normalised revenues were €14.2m (10.2), an increase of 38%
EBITDA in Q4 2020 was €4.1m (0.1), up 4431%, normalised EBITDA margin increased to 29.2% (0.9%)
February 23, 2021, 8:40 am ·
Gaming Innovation Group announced its support for an unnamed German-facing iGaming operator in its intend to expand into that market.
As a result, GiG signed online casino deal with the operator, which will run for at least four years. The agreement mentioned a target date for the opening of the casino in the third quarter of the year.
GiG refused to give any details about the iGaming operator. The only information on the matter the company issued is that it is a privately owned business, which currently possesses a number of online casino brands.
Another detail on the foreign operator is that it was one of the first to secure a
/PRNewswire/ Protocol Ventures AB, a company owned by Petter Nylander, Chairman of the board and primary insider of Gaming Innovation Group Inc. (GiG), has.
Gaming Innovation Group - Mandatory notification of trade prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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