GiG delivers revenue growth in the double digits
News on 11 Feb 2019
News on 11 Feb 2019
Gaming Innovation Group (GiG) has reported a 26 percent increase in full year 2018 revenues amounting to Euro 151.4 million (FY2017: Euro 120.4 million) and EBITDA of Euro 16.1 million, up 28 percent over 2017.
A further decrease in the number of employees in Q4 2018 resulted in an 8 percent decrease in other operating expenses quarter-on-quarter .
Robin Reed, CEO, Gaming Innovation Group:
“In Q4, we matched our previous all-time-high in revenues and for the full year 2018, we grew revenues and EBITDA with nearly 30% over 2017.
“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 iGaming 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 USA.
“I am really proud of what we have achieved and am looking forward to 2019.”
