MJ Investments, the investment company of Mateusz Juroszek – CEO of STS Holding S.A, Betplay Capital and MJ Investments – on July 7^th acquired 1,324,145 shares of Gaming Innovation Group Inc.

In total Juroszek Family owns 14,285,614 shares of the Company (11,08% of shares). It means that Juroszek Family – through the controlled entities: Betplay Capital, MJ Investments and Juroszek Holding – is the biggest shareholder of GiG. 

MJ Investments owns 5,217,606 shares of GiG (4,05% of shares), Betplay Capital 4,832,342 shares (3,75%) and Juroszek Holding 4,235,666 shares (3,28%).

GiG is one of the most attractive and interesting iGaming companies on the public market, especially when the NOK and SEK exchange rates are taken into account. In our opinion GiG is undervalued and  has a great potential. We as a family want to be a long-term investor. Our goal is to support the business and the growth. As a family we have been involved in the iGaming industry for over 20 years and our aim is to extend out engagement in GiG’s shareholder’s structure. This is why we have recently finalized a number of such transactions – says Mateusz Juroszek.

We see current valuation as a reason to increasing our involvement into GiG, especially when the analysts and their predictions assume a EBITDA growth up to 70% y/y and revenue approx. up to 50% y/y – adds Mateusz Juroszek.

In Q1 2023 the Board of Gaming Innovation Group has decided to initiate a strategic review with the intention split of current GiG into two main business segments:

When it comes to media part of GiG’s business, the revenues have grown tremendously recently. Their come from multiple and well diversifed markets. The Company also acquired number of entities and secured a list of crucial partnerships. GiG focused also into Americas and I believe that is a key for future growth. We are also very happy with the acquisition of Askgamblers and we can see a great work done by GiG Media team to turn that business around.

The second part of business is developing very well too – it is a number one platform when it comes to market access with +40 secured licenses. GiG, after acquisition of Sportnco, is extending into sports betting which will create a new leg of revenues for the company and their offerings are now becoming a full stop shop. GiG has already cooperate with significant international clients – points Mateusz Juroszek. 

Since May 2023 Tomasz Juroszek – Chief Investment Officer of Betplay Capital – has been a part of GiG’s Board of Directors. Tomasz Juroszek was put forward by Betplay Capital. Betplay Capital is an investment company owned by Mateusz, Zbigniew and Tomasz Juroszek, owners of STS Holding and ATAL S.A., among others. 

MJ Investments is an investment company owned by Mateusz Juroszek. Mateusz Juroszek is currently CEO of STS Holding S.A. („STH”) listed on WSE, Betplay Capital and MJ Investments.