× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 11 February 2019

GIG reports revenue and EBITDA increases for 2018

By Matthew Enderby

Gaming Innovation Group (GIG) has reported a 26% year-on-year increase in full-year operating revenue to €151.4m ($171m).

Over the course of 2018, GIG also increased its EBITDA by 28% to €16.1m.

During Q4, the supplier reported operating revenue of €39.9m, a 7% increase.

According to Robin Reed, GIG CEO, the company matched its all-time high in Q4 B2C revenues, rising 2% to €25.8m.

However, decreasing 36% from Q4 2017, EBITDA was €5m for the quarter.

Reed said: "After investing around €16m into tech and product development in 2018, we have now closed the circle and are offering products and services across all major verticals in the online gaming value chain.

"We have started our expansion into regulated markets with big brand partners, and we have launched our online and retail sports betting platform in the US. I am really proud of what we have achieved and are looking forward to 2019."

RELATED TAGS: Financial | Industry
IN-DEPTH 23 January 2020
A glass half full

1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
Systems and Software
The Leading iGaming Software Supplier in Asia
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...