GiG cuts losses as revenue climbs 34.8% in 2020

GiG cuts losses as revenue climbs 34.8% in 2020

Gaming Innovation Group (GiG) was able to reduce its comprehensive net loss in its 2020 financial year, following a 34.8% year-on-year increase in revenue and the sale of its B2C business.

Published 24th February 2021

GiG did not publish a full breakdown of its performance during the year. However, chief executive Richard Brown did say the business reached a number of “significant milestones” on it journey to become a leading B2B platform and media supplier in the igaming industry.

Among the highlights for GiG in 2020 was the launch of a new online casino brand with SkyCity Malta, a subsidiary of New Zealand-based SkyCity Entertainment Group.

GiG also agreed a strategic partnership with Genius Sports Group’s Betgenius to offer a fully integrated sportsbook and platform solution for operators in regulated markets worldwide.

In addition, GiG signed platform services deals and similar agreements with a range of new clients throughout the year, which in turn helped to grow revenue.

Read the full story on iGB.