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GIGI - $GIGI STOCK NEWS

Welcome to our dedicated page for GIGI news (Ticker: $GIGI), a resource for investors and traders seeking the latest updates and insights on GIGI stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GIGI's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GIGI's position in the market.

Rhea-AI Summary

Gaming Innovation Group (GiG) has acquired Casinomeister, an established online casino advocacy and review platform, for €3 million. Casinomeister, known for promoting transparency and fairness in gaming, will continue to operate under its own brand within GiG Media.

This acquisition follows GiG's previous successful integrations of AskGamblers and KaFe Rocks. GiG expects the transaction to boost its market reach and enhance complaint resolution services, promoting player advocacy. CEO Jonas Warrer highlights the alignment in values between Casinomeister and GiG, predicting significant growth and positive financial impact upon full integration.

The deal is set to close in June, with immediate financial benefits anticipated.

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Gaming Innovation Group Inc. (GiG) reports Q3 2023 revenues of €31.8 million and an adjusted EBITDA of €23.4 million, showing a 39% YoY revenue increase and 61% YoY EBITDA increase. GiG achieved all-time high revenues in Q3 2023, with Media revenues at €22.5m and Platform & Sportsbook revenues at €9.3m. The company also appointed new CEOs, saw positive momentum in Ask Gamblers, signed new agreements, and expanded into new markets. After Q3, GiG acquired KaFe Rocks and appointed a new Chief Business Officer. The company will host a presentation of the Q3 2023 results via livestream at 10:00 CET.
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