Gaming Innovation Group Inc. is a public company headquartered in Malta that operates GiG Core, a cloud-based online gaming platform software formerly known as iGaming Cloud. GiG is a US registered company operating in Malta and five further locations across Europe. The company is listed on the Oslo Stock Exchange under the ticker symbol ‘GIG’ and on Nasdaq Stockholm under the ticker symbol 'GIGSEK'.
History
Gaming Innovation Group Ltd. was incorporated as Donkr International Ltd. in 2008 in Malta. It was the holding company of Innovation Labs Ltd., the trading company operating the online poker forum Donkr.com. On 2012, Frode Fagerli and Robin Reed had become the owners of the company and named it Gaming Innovation Group Ltd. In 2012, Guts Gaming Ltd. was incorporated as a fully owned subsidiary of Gaming Innovation Group Ltd. On May, 2013 the company launched Guts.com, a website offering sports betting and casino games. In 2014, MT Securetrade Ltd. obtained remote gaming licenses from the United Kingdom Gaming Commission and from the Malta Gaming Authority allowing the company to sign up payment and game vendors and contract directly with players as a full-fledged online gaming operator. In early 2015, the fully owned subsidiary H2Hpoker Ltd. was renamed iGamingCloud Ltd. and launched a B2B platform service for the iGaming industry. The product went live in February 2015. On February, 2015 Gaming Innovation Group and Nio Inc. has signed a Share Exchange Agreement to exchange the entire issued share capital of Gaming Innovation Group Ltd. for shares in Nio Inc. Subsequently, Nio inc. adopted the name of Gaming Innovation Group Inc. and appointed Robin Reed as its new CEO. Gaming Innovation Group was listed on the Oslo Stock Exchange in June 2015. As of November 2017, the company had a market value of more than 4 billion NOK on the Oslo Stock Exchange. In January 2016, the company has launched a new brand Rizk.com, a portal to offer online casino games. Later, in March 2016, the company acquired the sports betting company OddsModel AS for a consideration of 21.74 million new Shares. On June, 2016 Gaming Innovation Group acquired Betit Holdings for €54 million. At the end of 2016, Gaming Innovation Group has obtained a Class 4 Remote Gaming Licence from the Malta Gaming Authority for its subsidiary BettingCloud Ltd. On September, 2017 for a total amount of €13 million the Gaming Innovation Group through its subsidiary GIG Media acquires Rebel Penguin, the technology driven Danish performance marketing company. On November, 2017 Gaming Innovation Group announced the opening of new game studio, GIG Games. In January 2018, the company has opened a new headquarters in Malta. On 26 March 2019, Gaming Innovation Group began trading on the Nasdaq Stockholm under the ticker symbol 'GIGSEK'. As of August 2019 Gaming Innovation Group has sold its 'High Roller' brand to Ellmount Gaming and have stated that their core focus will be primarily on growing Rizk as a casino brand and Guts as a sports betting brand.
Organizational structure
GiG is a US corporation incorporated in the state of Delaware with its registered offices in Bokeelia, Florida, USA, where accounting is located. GIG is a holding company with all commercial activities being carried out by its subsidiaries. GiG has been registered in the Norwegian company registry as a “Norwegian Registered Foreign Entity” with the organization number 988 015 849.
