Gaming Innovation Group Successfully Completes EUR 75 Million Bond Issue
Date: 2023-12-07 Author: Dima Zakharov Categories: EVENTS
Gaming Innovation Group (GiG) has successfully concluded the issuance of senior secured bonds worth EUR 75 million, split into EUR 45 million and SEK 350 million tranches. The funds will be used to retire the existing SEK 550 million bond and finance the acquisition of KaFe Rocks. GiG plans to list the new bond on the Nasdaq Stockholm and Frankfurt Stock Exchange Market. The offering received positive responses from investors in the Nordics, Continental Europe, and the United States, with both existing and new investors participating. ABG Sundal Collier and Pareto Securities served as joint managers and bookrunners for the placement.
GiG Developments: Acquisition of KaFe Rocks: GiG's recent EUR 35 million acquisition deal with KaFe Rocks aligns with its ambition to become a leading player in the iGaming market, expanding its influence in the North American region.
Q3 Financial Results: In its Q3 results, GiG reported impressive growth, achieving a quarterly revenue of €31.8 million, a remarkable 39% year-on-year increase.
Integration of Jackpot Management System: GiG further strengthened its position by agreeing to integrate Jooba Tech's leading Jackpot Management System into its platform, enhancing services for its global network of iGaming operators.
