Press Releases
Gaming Innovation Group completes SEK 100 million directed share issue
Gaming Innovation Group Inc. (“GiG” or the “Company”) today announces that the Company successfully has completed a directed share issue of approximately SEK 100 million from several well-renowned, long-term institutional investors (the “Share Issue”).
Participants in the Share Issue also includes:
- Jonas Warrer (CEO of GiG Media) and
- Richard Carter (CEO of GiG’s Platform & Sportsbook).
The Company sees the Share Issue as an opportunity to broaden the shareholder base with high-quality investors, increase alignment among key executives and shareholders, as well as obtaining additional capital.
The Board of Directors of GiG has today resolved on an issue of 3,226,418 shares directed to certain new investors and existing shareholders. Participants in the Share Issue were i.e. Jonas Warrer (CEO of GiG Media), Richard Carter (CEO of GiG’s Platform & Sportsbook), Agerskov Kapital (investment vehicle for the founder of Traffic Lab), Knutsson Holding, Prioritet Finans, the Juroszek family and certain other well-renowned, long-term institutional investors investors.
The Share Issue is based on the general authorization to the Board of Directors under the 150,000,000 authorized shares, approved by the Special Meeting of Shareholders on 20 January 2022. The rationale for the Share Issue is to (i) broaden the shareholder base with new well-renowned investors (ii) increase alignment among key executives and shareholders, and (iii) obtain additional funding to secure working capital for the Platform & Sportsbook business prior to the planned split of the Company as well as general corporate purposes in a time- and cost-efficient manner.
The Company will receive approximately SEK 100 million (EUR 8.8 million) in gross proceeds from the Share Issue, before deduction of transaction costs. The subscription price has been set to SEK 31 per share as a result of negotiations on an arm’s length, which corresponds to a 1.3 percent discount compared to the closing price of the Company’s share on Nasdaq Stockholm today and equal to the average volume-weighted price of the Company’s share on the Nasdaq Stockholm over the past 10 trading days. GiG’s Board of Directors’ assessment is that the Share Issue was carried out on market terms.
“We have seen a lot of interest to increase the shareholding in GiG from existing investors and key executives, but also from new external parties. We are of course delighted that so many well-renowned investors share our view of growth opportunities going forward, and we are now better equipped to accelerate our growth both organically and through strategic acquisitions. Also, I am very pleased to see that our key executives are further aligning their interest with the shareholders’ by doing considerable investments themselves,” says the Chairman, Mikael Riese Harstad.
After the registration of the Share Issue, the total number of shares in the Company will amount to 134,406,520 shares. The Company’s share capital will increase with USD 3,226,418 to USD 134,406,520. The Share Issue will result in a dilution of approximately 2.4 percent of the number of shares in GiG.
ABG Sundal Collier acted as sole financial advisor and bookrunner in connection with the Share Issue. White & Case acted as legal counsel.
For further information, please contact:
Tore Formo, Group CFO, [email protected]
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 21:30 CET on 4 June 2024.
The post Gaming Innovation Group completes SEK 100 million directed share issue appeared first on European Gaming Industry News.
Andrew Jackson VP Corporate Responsibility for Scientific Games
Scientific Games iLottery Receives National Council on Problem Gambling’s iCAP Ready Accreditation
Scientific Games has achieved the distinguished iCAP Ready supplier accreditation from the National Council on Problem Gambling. The iCAP Ready accreditation, a version of NCPG’s Internet Compliance Assessment Program for suppliers, confirms that the global lottery company meets the gold standard for consumer protection with its iLottery platform and user experience requirements for consistently safe, enjoyable online lottery play.
iCAP is a U.S. accreditation for best practices in online gambling player protection held by only a few U.S. lotteries and suppliers. The assessment, conducted by independent responsible gaming experts, audited a framework of player protection processes, tools, responsible gambling policies and trainings completed by Scientific Games. This included demonstrating to employees that the company remains committed to safer lottery play. NCPG also evaluated Scientific Games’ overall compliance.
“Scientific Games continues to demonstrate leadership in responsible gambling by earning iCAP Ready accreditation,” said Jaime Costello, Director of Programs for the National Council on Problem Gambling. “This accomplishment reflects a thoughtful and proactive approach to player protection, and we commend their commitment to aligning with best practices that support player well-being.”
The company’s digital platform is part of a highly secure technology suite that delivers modern technology and advanced features to support a lottery’s online business. The program’s heart is SG PAM, a secure player account management system for all player account activity and wallet transactions across retail and digital. Other features of the iLottery program include an advanced responsible gaming toolset and Healthy Play program, as well as powerful customer relationship management components.
Andrew Jackson, VP, Corporate Responsibility for Scientific Games, said, “We are honored to achieve this important iCAP supplier accreditation from NCPG. Our government-regulated lottery customers can be assured that Scientific Games’ iLottery platform and solution meet the highest standards in the U.S. for responsible gaming and player protection.”
Scientific Games serves more than 30 lotteries globally with iLottery solutions, including in the U.S., Canada, UK, Denmark, Germany, France and Turkey. Lotteries worldwide use the company’s award-winning Healthy Play program’s tools and research to provide more insight into lottery players and promote ‘lottery literacy’—understanding how lottery games work, the odds of winning, and the minimum age to play.
Since 1972, NCPG has led state and national stakeholders in the development of comprehensive policies and programs for all those affected by problem gambling.
With operations on five continents, Scientific Games provides retail and digital games, technology, analytics and services to 150 lotteries in 50 countries worldwide.
Healthy Play and MOMENTUM® are trademarks of Scientific Games. ©2025 Scientific Games, LLC. All Rights Reserved.
The post Scientific Games iLottery Receives National Council on Problem Gambling’s iCAP Ready Accreditation appeared first on Gaming and Gambling Industry in the Americas.
Play’n GO gets spooky at the cinema with Treats of Terror, a 5×5 grid slot set in a shadowy cinema where ghostly confections and cascading symbols bring unexpected rewards with every drop.
Lights flicker and curtains twitch as Treats of Terror fills the screen with glowing sweets and spectral surprises. Set within a haunted theatre, this scatter-pays slot challenges players to land six or more matching symbols anywhere on the grid. Winning icons vanish in a cascade, replaced by fresh drops – and that’s where the tension truly builds.
Where this slot really earns its title is with its Collector mechanic. At any moment, Cash or Prize Symbols might appear – with values of up to x1000 – but it’s the eerie Collector who steals the show, harvesting all visible values for instant wins. With multiple Collectors on screen, each one gathers all symbol values independently, stacking up the scares and the rewards.
In Free Spins, players move through a three-act feature. Stage 1 kicks off with a x2 multiplier, increasing to x3 and then x5 by collecting Scatters along the way – all while the collection mechanic stays active. The theatre’s shadows deepen, the multipliers rise, and the tension never drops.
While Treats of Terror stands alone in its haunted setting, it builds on the cascading slot legacy seen in titles like Sweet Alchemy 2 and Honey Rush, marrying immersive visuals with powerful symbol synergy. Fans of grid slots and atmospheric design will find themselves right at home in this haunted house of film.
George Olekszy, Head of Game Retention, said: “Treats of Terror is all about sustained suspense. The cascading reels, the escalating Free Spins, and the Collector mechanic work together to deliver a layered, cinematic experience for players.”
With an eye-catching design and features that tie tightly to its theme, Treats of Terror offers a compelling blend of tension and reward.
The post Treats of Terror haunts the reels with cascading suspense appeared first on European Gaming Industry News.
Leading iGaming content provider Spinomenal has released its new Western-themed action-adventure game, Outlaw’s Redemption.
The 5×3 game unfolds in a dusty frontier town under a twilight sky that is lit by lanterns hanging along a row of wooden cabins. A soft guitar riff is complemented by maracas, building tension on the reels populated with Golden Horseshoes, Whiskey Barrels, Longhorn Skulls, Cowboy Boots, and Revolvers.
There are two Wilds in play, a countdown revolver cartridge and a menacing outlaw, which count for any symbols except Free Spins and Bonus symbols. If five of either appear on a winning line then players will see their win multiplied by 1,000. Scattered Free Spins symbols are represented by a glamorous saloon girl and three or more will launch Free Games. In the base game only, Free Spins symbols will appear only on reels 1, 3 and 5. The Wild symbol will expand on one of the reels and remain until the end of the spins. Before the Free Spins begin, players choose between five options to decide where the Stacked Wild is located – the amount of Free Spins will change accordingly.
After the reels have come to rest, if there are any countdown Wild symbols on screen, the game will enter Respins mode. This means the Countdown Wild will stay for the next re-spin and its count will decrease by 1. When there are no Countdown Wilds with a count greater than or equal to 1, the Respin mode finishes. There are also Mystery symbols that are represented by saloon doors hiding one random symbol aside from Bonus, Wild or Free Spins.
The Bonus game is activated with three or more Wheel of Fortune Scattered Bonus symbols. Once in the Bonus game, players face a three level Wheel of Fortune, and have three attempts at spinning the wheel to win prizes including multipliers, extra spins or level up. In addition, the level up awards an extra spin and once these are gone, the sum of wins collected will be awarded.
Spinomenal CO-CEO, Omer Henya commented: “Outlaw’s Redemption is a gritty Western adventure that is packed with entertaining features like Countdown Wilds and the Wheel of Fortune Bonus. Players will love this ride on the reels, hoping for a shot at glory.”
The post Spinomenal releases Outlaw’s Redemption appeared first on European Gaming Industry News.
-
partnerships4 weeks agoOctoplay accelerates UK and Irish growth with strategic BoyleSports partnership
-
Asia3 weeks ago
Jetapult Strengthens AI Expertise: Onboards Industry Leaders, Oz Silahtar and Dr. Arjun Jain
-
Balkans4 weeks ago
Playson tightens grip on Croatian market with landmark Hrvatska Lutrija deal
-
Africa2 weeks ago
Association of Gaming Operators in Kenya Announces New Regulations
-
Press Releases3 weeks ago
Colour the world your way in Supa Crew by Swintt’s Elysium Studios
-
Press Releases2 weeks ago
Swintt stacks up a pyramid of wins in Egypt King Pearl Upgrade
-
Compliance Updates2 weeks ago
MGCB Targets 11 Illegal Online Casinos Operating Without Licenses
-
Baltics4 weeks ago
Aviatrix granted certification in Estonia
