Gaming Innovation Group Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Gaming Innovation Group Ltd. - overview
Established
2008
Location
Malta, -, Malta
Primary Industry
Travel & Leisure
About
Gaming Innovation Group Ltd. is a provider of diverse iGaming solutions, specializing in technology for sports betting, online casinos, and gaming management systems, catering to operators across regulated markets. Founded in 2008, Gaming Innovation Group Ltd. operates from Malta and specializes in providing tailored iGaming solutions.
The company has experienced growth through strategic pivots in technology offerings and operates as a standalone entity without known subsidiaries. Its leadership includes CEO Jonas Warrer and other effective executives, focusing on enhancing the company's market position. GiG has successfully raised funding, with a notable round completed in 2023, although the specific amounts are not disclosed. GiG Software PLC offers a comprehensive suite of iGaming solutions centered around its advanced platform, which includes functionalities for sports betting, casino gaming, and sweepstakes.
The platform enables seamless integration for operators, providing a flexible sportsbook solution that enhances user experiences in complex regulated markets. Key features include a real-time rules engine, a feature-rich frontend, and a robust business intelligence data platform, catering to a diverse client base in online casinos and sports betting operators across Europe and North America, while ensuring compliance with local regulations. In the most recent year, 2023, Gaming Innovation Group Ltd. reported a revenue of USD 95.
92 mn and an EBITDA of USD 61. 50 mn. The company generates income primarily through subscription-based models and strategic partnerships with B2B entities in the iGaming industry, facilitating transactions directly with its clients and ensuring continuous revenue flow through service fees tied to its technology. Gaming Innovation Group Ltd.
is focused on launching new products that enhance its existing offerings, with specific details and timelines currently under development. The company plans to expand into new markets across Europe and North America by leveraging recent funding to enhance its platform capabilities and marketing strategies. Additionally, the funding raised in 2023 is expected to support these expansion efforts, allowing GiG to address emerging opportunities and adapt to evolving market demands.
Primary Industry
Travel & Leisure
Sub Industries
Casinos & Gambling
Website
www.gaminginnovationgroup.com
Total Amount Raised
Subscriber access only
Gaming Innovation Group Ltd. - timeline of key events
Gaming Innovation Group Ltd. - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 513,870 | 304,850 | 12,346,955 | 17,297,099 | 51,766,850 | 120,969,393 | 51,559,271 | 44,053,920 | 63,027,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | (40.7%) | 3950.2% | 40.1% | 199.3% | 133.7% | (57.4%) | (14.6%) | 43.1% | - | - | - |
| EBITDA (USD) | 2,994 | 2,705 | 512,010 | (746,418) | 3,254,509 | (1,120,151) | 6,203,925 | 15,426,513 | 15,804,386 | 922,858 | 10,739,000 | - | - | - |
| Operating Income (USD) | 2,994 | 2,705 | 512,010 | (746,418) | 3,126,509 | (1,443,365) | 3,241,397 | 4,565,171 | (3,078,105) | (22,727,399) | (8,665,000) | - | - | - |
| Operating Margin | - | - | 99.6% | (244.8%) | 25.3% | (8.3%) | 6.3% | 3.8% | (6.0%) | (51.6%) | (13.7%) | - | - | - |
| % EBITDA Margin | - | - | 99.6% | (244.8%) | 26.4% | (6.5%) | 12.0% | 12.8% | 30.7% | 2.1% | 17.0% | - | - | - |
| NET Income (USD) | 2,462 | 3,685 | 334,104 | (486,683) | 3,057,861 | (1,429,657) | 1,826,314 | 2,025,634 | (21,085,570) | (57,929,282) | (17,684,000) | - | - | - |
| % Net Margin | - | - | 65.0% | (159.6%) | 24.8% | (8.3%) | 3.5% | 1.7% | (40.9%) | (131.5%) | (28.1%) | - | - | - |
Gaming Innovation Group Ltd. - employee data
Gaming Innovation Group Ltd. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Member | BM | ||||||
| Chairman of the Board | BM | ||||||
| Board Member/Vice Chairman | BM | ||||||
| Member of the Board | BM |
BM Board Member
Want to see more?
Request a demo for full access to this profile
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.