Once again, GiG demonstrated their ability to lead and maintain a balance in terms of consistency. According to a recent report, the company equalled its all-time-high revenue record. Also, GiG’s revenues are up YOY. Which only proves one thing, GiG has had an impressive run over the past 12 months, and they’re ready to tackle 2019 with the same energy! But let’s look at the numbers!
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Q4 Report Breakdown
All and all, GiG’s operating revenue from Q4 2018 is up 7% at €39.9 (£34.6) Million, which is in line with Q4 2017. The company is also up YOY at €151.4 (£131.31) Million, representing a 26% increase from Q4 2017. After reviewing the provider’s operational highlights over the past year, it’s easy to see how they came to this point. What’s more, is that it’s clear that they’re on a path to another successful year.
The company recently secured an omnichannel sportsbook solution deal with Hard Rock International. Additionally, GiG developed Three in-house games. Plus, they’ve signed a couple of new brands on their platform which reputable online casinos like InstaCasino, Dunder and Cashmio already uses. Looking ahead, GiG will also list on Stockholm’s NASDAQ in March. So it’s already a great start to a new year!
Increased Revenue Through Expansion
As GiG’s CEO Robin Reed said, “Last year will definitely go down in the history books. We invested €16 Million into tech and product development. Also, we closed all circles and now offer our services across all major verticals”.
Reed then later added, “We’re now expanding into new regulated markets and partnering with some of the biggest brands in the world. Now that our online and retail sports betting platform in the US is up and running, 2019 is going to be huge”.
All in all, it’s pretty evident that GiG is on a quest to deliver its brand and services worldwide, and this should make a great story at the end of the year! Plus, GiG recently announced they’re venturing into the Lotto sector, and it’s a first for the provider as well! GiG indeed is a game changer in the industry, and they’re one company to follow!
