August 17, 2017 12:03 PM ET

Internet Software and Services

Company Overview of Gaming Innovation Group, Inc.

Company Overview

Gaming Innovation Group Inc., through its subsidiaries, engages in the iGaming business in Nordic countries, other European countries, and internationally. It operates in two segments, Business to Consumer and Business to Business. The company operates iGamingCloud.com, a cloud based online gaming platform software. It also offers business-to-consumer casino, sports betting, and poker services through its online gaming Websites, including guts.com, rizk.com, betspin.com, superlenny.com, thrills.com, and kaboo.com; and online performance marketing services. The company is based in Bokeelia, Florida.

10700 Stringfellow Road

Suite 10

Bokeelia, FL 33922

United States

507 Employees

Phone:

239-282-0563

Fax:

239-282-2391

Key Executives for Gaming Innovation Group, Inc.

Founder, Group Chief Executive Officer, Managing Director and Director of GIG
Total Annual Compensation: €120.6K
Chief Financial Officer
Total Annual Compensation: €69.4K
Chief Operational Officer
Total Annual Compensation: €44.3K
Chief Technology Officer and Partner
Total Annual Compensation: €83.0K
Chief Strategy Officer
Compensation as of Fiscal Year 2016.

Gaming Innovation Group, Inc. Key Developments

Gaming Innovation Group Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Earnings Guidance for the Full Year of 2017

Gaming Innovation Group Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenues of EUR 26,578,726 compared to EUR 9,691,104 a year ago. EBITDA was EUR 1,930,484 compared to EUR 958,379 a year ago. LBIT was EUR 221,899 compared to EBIT of EUR 258,248 a year ago. Loss before income taxes were EUR 226,485 compared to profit before income taxes of EUR 159,892 a year ago. Net results was negative at EUR 243,001 against net result of EUR 101,480 a year ago. Total comprehensive loss attributable to owners of the company was EUR 935,402 compared to EUR 64,325 a year ago. Net cash provided by operating activities was EUR 3,053,918 compared to EUR 971,287 a year ago. Purchases of property, plant and equipment was EUR 305,056 compared to EUR 149,550 a year ago. Purchases of intangible assets was EUR 1,548,769. For the six months, the company reported revenues of EUR 49,653,025 compared to EUR 17,577,079 a year ago. EBITDA was EUR 1,579,564 compared to EUR 886,289 a year ago. LBIT was EUR 1,812,251 compared to EUR 168,804 a year ago. Loss before income taxes were EUR 2,678,635 compared to profit before income taxes of EUR 1,197,532 a year ago. Net results was negative EUR 2,705,159 against net result of EUR 1,139,120 a year ago. Total comprehensive loss attributable to owners of the company was EUR 3,245,881 compared to profit of EUR 1,117,288 a year ago. Net cash provided by operating activities was EUR 9,215,553 compared to outflow of EUR 632,143 a year ago. Purchases of property, plant and equipment was EUR 1,012,977 compared to EUR 174,522 a year ago. Purchases of intangible assets was EUR 2,791,906. The Company remains optimistic regarding its strategic, operational and financial development for the remainder of 2017, and are confident that 2017 revenues will exceed the guided amount of EUR 120 million, excluding revenues from acquired affiliate assets.

Gaming Innovation Group, Inc., Q2 2017 Earnings Call, Aug 08, 2017

Gaming Innovation Group, Inc., Q2 2017 Earnings Call, Aug 08, 2017

Gaming Innovation Group, Inc Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 2017; Provides Revenue Guidance for 2017

Gaming Innovation Group, Inc. announced unaudited consolidated earnings results for the first quarter ended March 2017. For the quarter, the company reported Revenue was EUR 23,074,299 against revenues of EUR 7,885,975 a year ago. EBITDA was EUR 350,920 against EBITDA of EUR 72,090 a year ago. EBIT was EUR 1,590,352 against EBIT of EUR 427,052 a year ago. Loss before income taxes was EUR 2,452,150 against income before income taxes of EUR 1,037,640 a year ago. Net results were EUR 2,462,158 against net results of EUR 1,037,640 a year ago. Net cash provided by operating activities was EUR 6,060,814 against net cash used in operating activities of EUR 1,603,428 a year ago. Purchases of intangible assets of EUR 124,137 .Purchases of property, plant and equipment was EUR 707,921 against purchases of property, plant and equipment of EUR 24,982 a year ago. For 2017, the company expects high revenue guidance of EUR 120 million.

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