Published
FinancialIndustry

GIG reports revenue and EBITDA increases for 2018

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

giggaminginovationgrouplogo

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."

Premium+ Connections
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Live! Casino & Hotel Maryland
Mohegan
Mohegan Inspire
DraftKings
Follow Us

Company profile: Growe Partners

Dominate the Sports Betting Affiliate Arena with Growe Partn...

Company profile: GR8 Tech

The sportsbook provider discusses turning sportsbooks into a...

Analysing sports betting data from the African Cup of Nations 2024

Sports betting supplier Betby provides Gambling Insider with...

LiveScore Group: Football’s changing relationship with fans

Gambling Insider delves deeper into LiveScore’s Evolution...