Issue of new shares
Gaming Innovation Group Inc. ("GIG") has today issued 210,000,000 new shares of its common stock in Connection with the acquisition of Betit Holdings Ltd. and the acquisition of the 10% minority interest in iGaming Cloud Ltd.
Gaming Innovation Group Inc. confirms that the new shares have been duly authorized by all necessary corporate action and that the new shares have been fully paid and validly issued. The Company's share capital has increased from USD 60,855,626.60 to USD 81,855,626.60, and the number of outstanding shares has increased from 608,556,266 to 818,556,266 (par value USD 0.10). The new shares are issued by the board of directors under the Company's 950,000,000 authorized shares.
GIG's holding of 7,965,000 treasury shares will as a consequence of the above be reduced from 1.31% to 0.97% of the new number of outstanding shares.
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]