Betit acquisition – MGA approval
Reference is made to previous announcements from Gaming Innovation Group Inc. (GIG) regarding the Company's acquisition of the iGaming company Betit Holding Ltd. (Betit) and the acquisition of the 10% minority interest in GIG’s subsidiary iGaming Cloud Ltd.
The Malta Gaming Authority has approved GIG’s acquisition of Betit, and GIG now awaits final approval from Oslo Børs of an Information Memorandum pursuant to and in accordance with the Norwegian Securities Trading Act section 7‐3, cf. section 7‐5 no. 7. Such approval is expected this week, and the new GIG shares to sellers of Betit and the 10% in iGaming Cloud will be issued thereafter.
LaunchTuesday, March 14, 2017Larry Laffer is launching a new online casino – powered by Gaming Innovation Group’s (GIG) platform service provider iGaming Cloud and quite unlike anything that has ever been there before. "LarryCasino.com features a selection of the best slot machines, casino games and live casino play – all based around a new Leisure Suit Larry adventure..."[Continue Reading]
AcquisitionFriday, March 10, 2017Gaming Innovation Group Inc. (GIG) and its subsidiary Innovation Labs have agreed to acquire the highly regarded affiliate website Casinotopsonline.com for a consideration of EUR 11.5 million. This is Innovation Labs’ largest acquisition to date and will significantly strengthen its position as a leading affiliate in Europe. Read on for more details and comments from GIG and Casinotopsonline CEOs.[Continue Reading]