Gaming Innovation Group Inc Reports a 21% Increase in Revenues
Gaming Innovation Group Reports Q3 2018, Findings Reveal 21% Increase Plus 37.3 Million in Revenues, 66% Increase EBITDA
Gaming Innovation Group Inc. reported a 21% increase in gaming revenues for Q3 2018. The group just released its financial reports this week showing the company earned 37.3 million in revenues and a 66% increase for EBITDA.
Other key highlights of the report include operating revenues amounting to 37.3 million, B2B revenues spiking by 66% when compared to Q3 2017, B2C revenues amounted to 24.4 million which is a 11% increase for last years’ total.
Operational highlights reported include Gaming Innovation launching its very first in-house developed game, signing with Mr Green for its first external customer contract and the company announcing its listing on the NASDAQ Stockholm next year.
Robin Reed, Gaming Innovation’s Chief Executive Officer said, “In the third quarter, we have delivered the last building blocks to our ecosystem, our own games and omni-channel solution, to cover all verticals in iGaming. We have created a base from where now, with full force, we can drive forward as the full service provider which every company serious about iGaming must be part of. GiG sees strong interest for its services and products with an increasingly healthy pipeline of opportunities.”
About Gaming Innovation Group (GiG):
Gaming Innovation Group Inc. is a technology company providing products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through our ecosystem of products and services, we are connecting operators, suppliers and users, to create the best iGaming experiences in the world. GiG operates out of Malta and is listed on the Oslo Stock Exchange under the ticker symbol GIG.
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