CEO of Gaming Innovation Group will depart by end of year

Richard Brown, CEO of Gaming Innovation Group, will step down from his position and resign from the company by year end 2023.

Earlier this year GiG announced its intention to split the company into two separate groups, GiG Media and GiG Platform & Sportsbook. This week a spokesperson for GiG announced that the company’s strategy to split into two groups is “progressing well”. A search has been initiated to hire a new CEO to head GiG Platform and Sportsbook but GiG Media would carry on under its current management team.

Chairman of GiG Petter Nylander congratulated Richard Brown for doing a tremendous job with GiG over the years.

The company is in a very good position driving shareholder value going forward. We are pleased that Richard has agreed to stay until the end of the year to secure a smooth transition,” Petter Nylander, Chairman – GiG Group

Richard Brown was appointed CEO of GiG Group in November 2019 replacing co-founder Robin Seed who was also CEO at that time.

It has been a true honour and privilege to be part of Gaming Innovation Group’s development over the past eight years and the last four years as CEO, leading an incredible group of people towards, as I see it, the unparalleled strategic position across the B2B value chain that the group has created. I have no doubt that the teams throughout the organisation and the management groups of the respective business units have the skills and passion to continue the growth of the business towards its financial and operational targets”, Richard Brown, CEO – GiG Group

Brown joined GiG in 2016 as managing director for GiG’s media business. He progressed to the position of chief digital officer and then chief operating officer before taking up the CEO role. Previously Brown held senior positions with Highlight Media Group, Web Guide Partner and THG Sports.

Leading in iGaming technology

Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming operators. Founded in 2012, Gaming Innovation has become an industry leading platform, sportsbook and media provider that delivers solutions to the iGaming industry.

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.

Gaming Innovation Group Inc. (GIGSEK.ST) is trading at SEK25.30 (-1.75%)

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