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Gaming Innovation Group

Gaming Innovation Group

GIG: Gaming Innovation Group completes acquisition of AskGamblers

12:50 / 31 January 2023 Gaming Innovation Group Press release

Gaming Innovation Group Inc. ("GiG") signed an agreement to acquire the casino
affiliate websites,, and several
smaller domains from Catena Media Plc., ref. announcement from GiG on 15
December 2022. GiG has today completed the acquisition and will consolidate
these assets as from today.

GiG Media is eagerly anticipating the operational and commercial opportunities
of the well regarded affiliate website AskGamblers, now that the transaction has
closed. Management is focused on elevating the performance of this asset and has
a clear strategy in place to implement GiG Media's innovative technical SEO and
marketing technology, along with Askgamblers' extensive knowledge. GiG aims to
drive substantial growth and maximize profitability through renewed focus on the
Askgamblers domain, with the goal of increasing revenue and EBITDA in the near

Richard Brown, CEO of GiG said: "We are thrilled to add another top casino
affiliate site to our portfolio, and believe it holds immense growth potential.
The acquisition also broadens our geographical footprint and increases revenue
diversity both geographically and client wise, reducing the overall operational

The transaction is carried out through a share purchase by Innovation Labs
Limited (GiG Subsidiary) of the totality of the issued shares of Catena
Publishing Limited and Catena Media doo Beograd. The consideration (on a cash
free and debt free basis) is Euro 45,000,000, of which Euro 20,000,000 is paid
with the remaining balance to be paid in two installments on 31 January 2024
( Euro 10 million) and 31 January 2025 ( Euro 15 million).

For further information, please contact:
Richard Brown, CEO GiG,, +34 661599025

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing
solutions, products and services to iGaming Operators. Founded in 2012, Gaming
Innovation Group's vision is 'To be the industry-leading platform, sportsbook
and media provider delivering world-class solutions to our iGaming partners and
their customers.  GiG's mission is to drive sustainable growth and profitability
of our partners through product innovation, scalable technology and quality of
service. Gaming Innovation Group operates out of Malta and is dual-listed on the
Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under
the ticker symbol GIGSEK.
Oslo Børs

This information was distributed by Oslo Børs