Gaming Innovation Group expands strategic commercial partnership with News UK

Rhea-AI Summary

Gaming Innovation Group (GIGI) has expanded its partnership with News Corp UK & Ireland, launching a dedicated betting hub on The Irish Sun's website. This strategic move into the Irish market follows a successful launch in the UK in December 2022, which generated significant revenues for GiG Media within two months. The companies are also planning to enter the US market by the end of Q1 2023. GiG aims to be a leading iGaming technology provider, focusing on sustainable growth and innovation.

Positive

• Expansion into the Irish market with exclusive offers and content.
• Successful launch in the UK resulting in material revenues for GiG Media.
• Plans to enter the lucrative US market by the end of Q1 2023.

Negative

• None.

News Market Reaction – GIGI

-72.90%

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In the trading session that priced this news, GIGI declined 72.90%, reflecting a significant negative market reaction.

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ST JULIANS, Malta., Feb. 23, 2023 /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) has expanded its commercial partnership with News Corp UK & Ireland Limited to enter the Irish market with exclusive offers and casino and sports betting content. The Irish Sun's website now features a dedicated hub for all betting-related content, allowing readers to access everything in one place.

The decision to expand the commercial partnership follows the successful launch in the UK in December 2022, already delivering material revenues to GiG Media after only two  months in operation.

GiG and News Corp UK & Ireland Limited are working towards entering further new markets, starting with the lucrative US market by the end of Q1 2023.

About Gaming Innovation Group (GiG):

Gaming Innovation Group is a leading iGaming technology company providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group's vision is 'To be the industry-leading platform, sportsbook and media provider delivering world-class solutions to our iGaming partners and their customers. GiG's mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com

For more information, please contact:
Jonas Warrer,
Chief Marketing Officer, GiG
jonas.warrer@gig.com
+45 30788450

 

View original content:https://www.prnewswire.com/news-releases/gaming-innovation-group-expands-strategic-commercial-partnership-with-news-uk-301754403.html

SOURCE Gaming Innovation Group

FAQ

What is Gaming Innovation Group's plan for the Irish market in 2023?

Gaming Innovation Group is launching a dedicated betting hub on The Irish Sun's website, expanding its presence in the Irish market.

When did Gaming Innovation Group launch in the UK?

Gaming Innovation Group launched in the UK in December 2022.

What are the future plans for Gaming Innovation Group's partnership with News Corp?

Gaming Innovation Group plans to enter the US market by the end of Q1 2023.

How has the UK market performance impacted Gaming Innovation Group?

The UK market launch has generated material revenues for GiG Media within just two months.

What is the stock symbol for Gaming Innovation Group?

The stock symbol for Gaming Innovation Group is GIGI.