The Juroszek family has acquired 1,324,145 shares of Gaming Innovation Group (GiG) and in doing so becomes the biggest shareholder of the company. The family recently saw Entain purchase its Polish sportsbook operator STS.
MJ Investments, the investment company of Mateusz Juroszek, has acquired 1,324,145 shares of GiG. The Juroszek family now owns a total of 14,285,614 shares in the company which equates to 11.08% of the overall shares.
As a result of this through Betplay Captial, MJ Investments and Juroszek Holdings are now the biggest shareholders in GiG.
The breakdown of shares by companies operated by the Juroszek family goes as follows: MJ Investments owns 5,217,606 shares of GiG (4,05% of shares), Betplay Capital 4,832,342 shares (3,75%) and Juroszek Holding 4,235,666 shares (3,28%).
Juroszek said: "GiG is one of the most attractive and interesting iGaming companies on the public market, especially when the NOK and SEK exchange rates are taken into account. In our opinion GiG is undervalued and has great potential. We as a family want to be a long-term investor. Our goal is to support the business and its growth.
"As a family, we have been involved in the iGaming industry for over 20 years and our aim is to extend our engagement in GiG’s shareholder structure. This is why we have recently finalised a number of such transactions.
"We see the current valuation as a reason to increase our involvement in GiG, especially when the analysts and their predictions assume an EBITDA growth of up to 70% year on year and revenue approx. up to 50%."
