Gaming Innovation Group has released results showing Q2 2018 revenues of €36.9m, up by 39 per cent year-on-year, with EBITDA for the period at €1.7m compared to €1.9m 12 months earlier during a period in which the group entered the sports betting market for the first time through Rizk.com.

GiG

GiG’s platform service, GiG Core, was licensed in New Jersey with operations starting through the firm’s Hard Rock partnership and the process leading to a listing on Nasdaq Stockholm is progressing “according to plan”.

Looking ahead, strategic initiatives are expected to improve profitability for operators, new clients are being lined up for sports betting services and GiG Comply in Q3 and the full-year guidance is for revenues of €155-162m, with EBITDA of €16-20m.

Robin Reed. CEO of GiG, said: "GiG has invested significantly to expand across all verticals of igaming. We are building to become the one stop shop for every company serious about its igaming business.

“With the majority of the heavy lifting behind us and the strongest season ahead of us, we should see growth in both revenues and profits in the coming quarters, while working towards our goal of becoming the largest full service company to the igaming industry.”