Operational update September 2016
Gaming Innovation Group Inc. ("GIG") continued is growth in September with increase in all business areas. The acquisition of iGaming operator Betit Group was finalized, effective from 1 September 2016. The integration of both operations are progressing according to plan and the Company are confident that both operations will mutually benefit each other going forward.
Gross gaming revenue (GGR) continued to increase to a new all time high for GIG's gaming sites Guts.com, Rizk.com and Betspin.com in September. Total deposits were EUR 11.3 million, up 8.1% from August, and margins obtained were 3.91% for casino and 10.5% for sports betting. Betit's gaming sites, SuperLenny.com, Thrills.com and Kaboo.com had total deposits of EUR 10.4 million in September with margins 3.42% for casino and 9.6% for sports betting.
Total active real money players for the three-month period July-September for Guts.com, Rizk.com and Betspin.com were 95,401, a 7.9% increase from 88,440 for the period June-August. Of the total number of players, 85,999 only played casino, 3,490 only played sports and 2,691 only played poker. The remaining 3,221 were active in more than one category. Free bet players are excluded from the number of active players. Total registered users on Guts.com, Betspin.com and Rizk.com were 541,860 as of 30 September 2016, compared to 505,836 as of 31 August 2016.
Combined with Betit, the Company had deposits of EUR 21.7 million in September and more than 177,500 active players for the three months period July through September through its six brands. Total registered users were 1.29 million as of 30 September 2016.
Cloud based Services
GIG's cloud based platform service iGaming Cloud's (iGC) overall performance has been positive, and eighteen external clients were live by the end of September.
The Company signed one new client in September, bringing the total amount to 21 signed clients that will operate 27 brands, including the Company's own six brands.
Betit's three brands will migrate to iGaming Cloud in about one month, which is expected to increase their performance going forward. Of the remaining four external brands, one is expected to go live in November, and the remaining in Q1 2017.
Digital Marketing Services
GIG's affiliate operations in Innovation Labs referred around 3,300 first time depositors (FTDs) to own and affiliated operators in September, compared to around 3,000 in August.
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]