Gaming Innovation Group revenue down 26.2% in Q4
18 Feb 2020
Gaming Innovation Group reported a 26.4% decline in its group revenues for year ending 2019.
Revenues for the B2B segment in Q4 2019 were €12.1m, EBITDA was €0.8m. Revenues from B2B Media Services were €7.5m in Q4 2019, EBITDA was €4.0m. Other operating expenses were €13.7m a reduction by 12%, the number of employees decreased from 706 to 648 year-on-year.
A strategic review continues for its proprietary sportsbook; GiG is actively discussing joint ventures or other constellations with potential partners to release the true asset value of the sportsbook and to secure external long term funding.