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Gaming Innovation Group – Mandatory notification of trade

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Gaming Innovation Group Inc. (GiG) has today granted 1,700,000 options to key employees. The exercise price is NOK 22.00 per share, and the options are exercisable with 20% after 1 January 2023, 30% after 1 January 2024 and 50% after 1 January 2025.  All options expire on 31 December 2027 and are conditional upon employment at time of exercise.

Richard Brown, CEO and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Richard Brown and close associates holds 121,000 shares in GiG and 110,000 options to buy shares in GiG.

Ben Clemes, CCO and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Ben Clemes holds 1,907,146 shares in GiG and 60,000 options to buy shares in GiG.

Chris Armes, CIO and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Chris Armes holds 0 shares and 210,000 options to buy shares in GiG.

Tore Formo, Group CFO and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Tore Formo holds 458,167 shares in GiG and 60,000 options to buy shares in GiG.

Justin Psaila, CFO and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Justin Psaila holds 2,100 shares in GiG and 132,000 options to buy shares in GiG.

Jonas Warrer, Chief Marketing Officer and Managing Director of GiG Media, and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Jonas Warrer and close associates holds 400,886 shares in GiG and 60,000 options to buy shares in GiG.

Claudio Caruana, General Counsel and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Claudio Caruana holds 100 shares in GiG and 60,000 options to buy shares in GiG.

Claudia Ginex, Chief People Officer and primary insider of GiG, has been granted 30,000 options to buy shares in GiG with the terms set out above. After the grant, Claudia Ginex holds 0 shares in GiG and 60,000 options to buy shares in GiG.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Play’n GO’s Rich Wilde and the Tome of Insanity is “Game of the Year contender” following blockbuster performance

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Follow up to Play’n GO’s legendary Rich Wilde and the Tome of Madness and potential Game of the Year contender Rich Wilde and the Tome of Insanity 160% above average on rounds played and 57% above average on player count following extraordinary release-week performance.

Play’n GO, the world’s leading casino entertainment provider, today hailed the release-week performance of the most recent iteration of its legendary Dead series of games, Rich Wilde and the Tome of Insanity, with the latest game data described as “exceptional” by Head of Games Retention, George Olekszy.

Rich Wilde and the Tome of Insanity is Play’n GO’s 21st release of an already busy 2024, but early indications suggest that the game will go down as one of the Swedish studio’s classic titles, with record numbers of rounds played, bets placed, and number of players all reported in the first week of its release. Tome of Insanity’s number of rounds played was tracking at a staggering 160% of the average in Week 1 of its release, with player-count up by 57% against the same metric.

As of June 2024, Play’n GO is now active in over 30 jurisdictions worldwide, with over 350 premium game titles in its portfolio.

George Olekszy, Head of Game Retention at Play’n GO said: “Rich Wilde and the Tome of Insanity received rave reviews internally while in development, and its release-week performance has been exceptional by every available metric.

“I have no doubt that we have a Game of the Year contender on our hands, and we are delighted that it’s been so well received by players. We pour quality into everything we do at Play’n GO and Tome of Insanity is a perfect example of that. The rest of our 2024 roadmap is outstandingly strong too, and we’re excited to share that in the coming months.”

The post Play’n GO’s Rich Wilde and the Tome of Insanity is “Game of the Year contender” following blockbuster performance appeared first on European Gaming Industry News.

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Gaming Innovation Group signs heads-of-terms to acquire Titan – strengthening SEO and content services

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Gaming Innovation Group Inc. (“GiG”), a leader in digital marketing and media within the online gaming sector, has signed a head-of-terms agreement to acquire Titan Inc. Limited (“Titan”), a premier supplier of SEO and content services. This strategic acquisition will significantly enhance Gaming Innovation Group’s operational efficiency and market position.

The anticipated cost savings and operational efficiencies underscore the strategic rationale for this acquisition. For operations moved to Titan, GiG Media’s SEO and content costs are expected to be reduced by up to 50%. Furthermore, Titan’s expertise will enhance the quality and turnaround time of GiG Media content and SEO services, improving revenue in the GiG Media publishing business.

Jonas Warrer, CEO of GiG, said, “This acquisition highlights our ambition to continue optimising our value chain, revenue and EBITDA margin. We will achieve substantial cost savings by integrating Titan’s SEO and content expertise while significantly enhancing our service quality. This move aligns with our strategy to solidify our leadership position in the online gambling market, demonstrating how we drive growth and efficiency.”

Titan’s co-CEO and co-founder Lee Tadd added, “We are thrilled to join forces with GiG Media. Our combined expertise will enable us to deliver exceptional value to our clients and stakeholders. We look forward to leveraging our strengths to drive innovation and excellence in SEO and content services.”

In 2023, Titan Inc. Limited reported revenues of MEUR 3.30 with an EBITDA of MEUR 0.72. The acquisition comes with a term sheet valued at MEUR 3.2, structured with MEUR 1.0 to be paid at closing, MEUR 1.0 after twelve months, and MEUR 1.2 after twentyfour months. A final agreement is subject to due diligence and board approval, and closing is expected in July 2024.

The post Gaming Innovation Group signs heads-of-terms to acquire Titan – strengthening SEO and content services appeared first on European Gaming Industry News.

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ELA Games to Showcase Innovations at iGB Live! Amsterdam

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ELA Games studio is proudly announcing its participation at iGB Live! Amsterdam, taking place from 17-18 July 2024 at the RAI Amsterdam.

ELA Games will be showcasing its latest innovations, including the high-stakes game Bandidos Bang! and the strategy-infused creative one-reeler Joker Cashpot. These titles exemplify our commitment to delivering engaging, dynamic gaming experiences that resonate with both new and experienced players. Bandidos Bang! transports players to the Wild West, offering a fast-paced, instant-betting shooter experience with high volatility and unpredictable gameplay. Joker Cashpot, on the other hand, combines strategy and randomness, allowing players to accumulate and multiply rewards with each spin.

The studio team is ready to talk about their latest achievements. Most recently, one of ELA Games’ most colorful games, Kraken Bay, was nominated for the prestigious SBC Game Developer Awards 2024 in the “Slot of the Year” category, and the most creative game combining a claw machine with a digital interface and gaming community, Cash Crab, was included in the Skill Game Supplier category. But that’s not all: the studio team is excited to tease the very first details of forthcoming games – Madshow Circus and AquaMafia. These upcoming titles promise to push the boundaries of innovation and player engagement even further.

Join us at booth 12-J72 to connect with our team and explore how our cutting-edge games can help take your iGaming business into tomorrow.

The post ELA Games to Showcase Innovations at iGB Live! Amsterdam appeared first on European Gaming Industry News.

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