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UK & EuropeUnveiling GiG's Strategic Expansion: Charting New Horizons in iGaming

Unveiling GiG’s Strategic Expansion: Charting New Horizons in iGaming

GiG, a frontrunner in the iGaming arena, has recently solidified its position through strategic acquisitions and investments, propelling the company into an exciting phase of growth and diversification.

Embracing Sportnco:
In a transformative move, GiG has acquired Sportnco in its entirety, signaling a bold leap into the realms of sports and iGaming. With a valuation of €51.4 million, this acquisition not only bolsters GiG’s market presence but also amplifies its product portfolio, aligning with evolving consumer preferences. While Sportnco retains €18.6 million in existing long-term loans, GiG’s strategic vision encompasses harnessing synergies to unlock unprecedented growth avenues.

SkyCity’s Strategic Alliance:
Complementing its acquisition strategy, GiG has forged a strategic alliance with SkyCity, epitomized by a €25 million investment through direct share issuance. This infusion of capital, translating into 13,487,500 new shares, underscores SkyCity’s confidence in GiG’s potential and augments the financial firepower required for the Sportnco acquisition. Beyond financial implications, this partnership fosters a collaborative ethos, fostering innovation and shared success.

Augmented Share Capital:
GiG’s expansion trajectory is further underscored by the issuance of 26,110,900 new shares to its partners, culminating in a notable increase in outstanding shares from 96,675,626 to 122,786,526. This strategic maneuver not only reflects GiG’s commitment to leveraging capital for growth but also underscores investor confidence in the company’s strategic direction and growth prospects.

CEO’s Visionary Outlook:
Richard Brown, GiG’s visionary CEO, encapsulates the company’s ethos of innovation and growth. Expressing unwavering excitement for the Sportnco acquisition, Brown emphasizes the transformative potential inherent in synergizing GiG’s offerings with Sportnco’s expertise. As GiG welcomes Sportnco’s stakeholders and SkyCity into its fold, Brown underscores the paramount importance of meticulous post-merger integration, laying the foundation for sustained success.

GiG’s strategic acquisitions and partnerships herald a new era of growth and diversification, positioning the company as a formidable player in the dynamic iGaming landscape. With Sportnco’s integration set to enrich GiG’s product spectrum and SkyCity’s strategic backing fortifying its financial resilience, GiG is primed to seize emerging opportunities and redefine industry norms. As GiG embarks on this transformative journey, fueled by innovation and collaboration, the stage is set for an exhilarating chapter of growth and prosperity.

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