Cash flow from operations saw a considerably improvement from negative €0.2m to €7.9m.
The report mentioned certain operational highlights such as two long-term agreements for the provision of GiG’s platform to facilitate an operator’s multi-brand strategy and expansion into several EU markets; a long-term agreement that will support a client’s operations in certain designated markets; the launch of a new brand and the development of three additional brands (which are expected to go live in Q4) and entrance in four new markets in media and one in platform.
Other important events were the signing of a long-term agreement with a German operator that will see the migration of its existing brand to GiG’s iGaming Platform, and strong continued developments in media services with both all-time high revenue and player intake for October.
Richard Brown, GiG CEO, said: “I am very pleased with the results and the momentum we continued to demonstrate in the third quarter across GiG’s business units.
"The company continued to build towards its execution strategy for long-term sustainable growth over the coming years, leveraging its diverse portfolio of operations and preparing for expansion into new markets, development of products; and operational performance that will enable the company to push towards further success in the coming years.”
