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GAMING INNOVATION GROUP INC.

(GIG)
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Gaming Innovation : receives CSIE license in New Jersey, USA

07/29/2020 | 11:32am EDT

Gaming Innovation Group (GiG) is pleased to announce its subsidiary, iGaming Cloud Inc., has today been granted a permanent casino service industry enterprise license (CSIE) from the Division of Gaming Enforcement (DGE) in New Jersey, USA. The application was filed back in June 2018, and GiG has supported Hard Rock International's casino operations in New Jersey under a so-called transactional waiver pending the final approval.

The license is granted for five years and gives GiG a permanent license to provide its real-money online casino platform solution to operators in the state of New Jersey.

Richard Brown, CEO of GiG says: "We are delighted to receive the CSIE license after a long and comprehensive process. This is a great achievement for GiG and gives us a solid confirmation that our platform, procedures and operations are meeting the highest standards out there."

For further information, please contact:
Richard Brown, CEO, richard.brown@gig.com, +34 661599025
Tore Formo, Group CFO, tore@gig.com, +47 91668678

About Gaming Innovation Group (GiG)
Gaming Innovation Group 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.
 

https://news.cision.com/gaming-innovation-group/r/gaming-innovation-group-receives-csie-license-in-new-jersey--usa,c3161338

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 77,8 M 92,3 M 92,3 M
Net income 2021 2,00 M 2,37 M 2,37 M
Net Debt 2021 21,0 M 24,9 M 24,9 M
P/E ratio 2021 59,3x
Yield 2021 -
Capitalization 172 M 203 M 204 M
EV / Sales 2021 2,48x
EV / Sales 2022 2,12x
Nbr of Employees 430
Free-Float 63,0%
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Mean consensus -
Number of Analysts 1
Average target price
Last Close Price 18,30 
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Managers and Directors
NameTitle
Richard Brown Chief Executive Officer
Tore Formo Group Chief Financial Officer
Justin Psaila Chief Financial Officer
Johan Petter Erik Nylander Chairman
Chris Armes Chief Information Officer
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