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Gaming Innovation Group expands its reach in online gaming with the acquisition of Casinomeister
03 Jun 2024 07:53 CEST
Issuer
Gentoo Media Inc.
Gaming Innovation Group Inc. (GiG), a leader in digital marketing and media
within the online gaming sector, today announce the strategic acquisition of
Casinomeister, a pioneering online casino advocacy and review platform.
Casinomeister has been at the forefront of promoting transparency and fairness
in gaming over the last 25 years. Following the successful integration of
AskGamblers and KaFe Rocks, this acquisition further solidifies GiG Media's
commitment to enhancing transparency and improving player services across the
online gaming industry, instilling confidence in our values.
Casinomeister will continue to operate under its respected brand within the GiG
Media portfolio, preserving its unique voice. By leveraging the synergies
between GiG Media and Casinomeister, the business is expected to experience
significant growth, similar to the developments seen with AskGamblers after its
acquisition. Casinomeister is an authoritative domain, and its addition to the
GiG Media portfolio of quality websites will further diversify the Company's
business.
Jonas Warrer, CEO of GiG, says: "Casinomeister's renowned dedication to fair
play and community support perfectly aligns with our recent acquisition of
Askgamblers.com. Together, these platforms will enhance our market reach and
optimise the complaint resolution services we provide to the community,
reinforcing our position at the forefront of player advocacy."
Bryan Baily, founder of Casinomeister, says: "I have dedicated twenty-six years
to building this business, and now it's time to pass the reins to a new, dynamic
team who can lead it into the future. This business has been my passion,
starting as a hobby website in 1998 and growing into what it is today. I am
entrusting this to the most capable team in the industry to continue its mission
of advocating for fair play. I have a long history with GiG Media, and I am
confident that they will maintain the values and principles that Casinomeister
stands for, ensuring a smooth transition and a bright future for the online
gaming community."
The transaction is structured as an asset purchase for Euro 3 million. GiG
expects
to close the transaction in June. The acquisition will have an immediate
positive financial impact, expected to increase going forward when fully
implemented into GiG Media's operations.
For more information, please contact:
Jonas Warrer, CEO of GiG, jonas.warrer@gig.com, +45 30788450
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company that provides
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
GIGSEK. www.gig.com
More information:
Access the news on Oslo Bors NewsWeb site
Source
Gaming Innovation Group Inc
Provider
Oslo Børs Newspoint
Company Name
GAMING INNOVATION GROUP
ISIN
US36467X2062
Symbol
GIG
Market
Euronext Oslo Børs