The Juroszek family has acquired a significant stake in Gaming Innovation Group (GiG), making them the largest shareholder in the company. This acquisition comes after their recent sale of the Polish sportsbook operator STS to Entain.
Acquisition Details:
MJ Investments, the investment company of Mateusz Juroszek, has purchased 1,324,145 shares of GiG.
With this acquisition, the Juroszek family now holds a total of 14,285,614 shares in GiG, equivalent to 11.08% of the company’s overall shares.
As a result of these transactions, MJ Investments, Betplay Capital, and Juroszek Holdings, operated by the Juroszek family, collectively become the largest shareholders in GiG.
Breakdown of Share Ownership:
MJ Investments: 5,217,606 shares (4.05% of shares)
Betplay Capital: 4,832,342 shares (3.75%)
Juroszek Holding: 4,235,666 shares (3.28%)
Long-Term Investment Focus:
Mateusz Juroszek expressed the family’s commitment to GiG, stating that the company is one of the most attractive and intriguing iGaming firms on the public market, especially considering exchange rates.
He views GiG as undervalued with substantial growth potential.
The Juroszek family, with over 20 years of involvement in the iGaming industry, aims to extend their engagement in GiG’s shareholder structure.
They intend to support GiG’s business and growth, emphasizing their long-term investment approach.
Future Outlook:
The Juroszek family’s increased involvement in GiG’s ownership structure aligns with optimistic projections, including an estimated year-on-year EBITDA growth of up to 70% and revenue growth of approximately 50%, as anticipated by analysts.
The Juroszek family’s acquisition of a significant stake in GiG solidifies their position as the largest shareholder in the company. This move reflects their confidence in GiG’s potential and their commitment to being long-term investors in the iGaming industry. GiG’s promising outlook further supports this strategic investment.