GiG posts 2023 revenue and net profit growth ahead of business split

GiG posts 2023 revenue and net profit growth ahead of business split

Article brief provided by iGaming Business
  • Robert Fletcher, iGaming Business
February 14, 2024 8:18 PM

Gaming Innovation Group (GiG) reported a year-on-year increase in revenue and net profit during 2023, the final full year before the business splits in half.

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The decision to split came in early 2023, with GiG launching a strategic review in February. This will see the GiG Media affiliate and Platform & Sportsbook divisions become separate entities.

GiG Media includes all media offerings such as affiliate lead generation services. Platform & Sportsbook covers technical igaming platforms including Sportnco, acquired in April 2022, and front-end development and other managed services.

Over the course of 2023, GiG has been working to prepare for the split. This includes making a series of senior appointments, with Richard Carter to lead the Platform & Sportsbook business as CEO and Jonas Warrer GiG Media.