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OFFON

GAMING INNOVATION GROUP INC.

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

07/29/2020 | 11:33am 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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales 2021 77,8 M 92,5 M 92,5 M
Net income 2021 2,00 M 2,38 M 2,38 M
Net Debt 2021 21,0 M 25,0 M 25,0 M
P/E ratio 2021 59,0x
Yield 2021 -
Capitalization 171 M 204 M 203 M
EV / Sales 2021 2,47x
EV / Sales 2022 2,11x
Nbr of Employees 430
Free-Float 63,0%
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Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts 1
Average target price
Last Close Price 18,10 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
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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