The Board of Directors of Gaming Innovation Group Inc. (GiG) has decided to replace the CEO of GiG, Robin Eirik Reed, who leaves his position today 5 September 2019. GiG's Chief Operating Officer Richard Brown assumes the position as acting CEO as of today.
Petter Nylander, Chairman of the Board of GiG comments: "Robin has played a crucial part in building a unique one-stop global technology provider and we all owe him our sincere gratitude for this. However, the company now enters into the next phase of its development with different challenges and opportunities and the Board has reached the conclusion that GiG therefore also needs a different leadership. We have a skilled management team in place, I and the Board have full confidence in the Chief Operating Officer, Richard Brown who will be acting CEO of GiG from today."
Petter Nylander will, with immediate effect, increase his engagement to take a more active role in GiG in order to support both the succession process and the management team, strategically as well as operationally. The recruitment of a permanent CEO will start immediately.
Petter Nylander continues: "The strategy of GiG remains unchanged; to be the global operator and partner for strong brands in iGaming, with a sweetspot in taking an offline casino brand to a strong online offering, as we have with SkyCity and Hard Rock. We are focusing on securing potential contracts within the B2B Platform services and on servicing our many customers with fully managed and component solutions. We will continue the development of the Media services and the sportsbook, not least to leverage GiG's opportunities in the US. We will also continue driving the B2C Gaming operators with a focus on growth in new markets."
For further information, please contact:
Petter Nylander, Chairman of the Board +46 76 525 09 55
This information is information that Gaming Innovation Group Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on 5 September 2019.
About Gaming Innovation Group (GiG)
Gaming Innovation Group Inc. is a technology company providing solutions, products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group's vision is `To open up iGaming and make it fair and fun for all'. Through its ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com.
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