The B2C divestiture reduces complexity and financial leverage, enabling complete
focus on driving the inherent strategic opportunities in the core B2B platform
and media, creating a foundation for sustainable earnings and growth.

"It is a great honor to write my first shareholder letter to you after my
appointment as CEO in November 2019. The dynamics in the online gambling
industry, both competitive and regulatory, have changed dramatically in the last
two years and we as a company are forcefully adapting to that. We are coming out
of a strategic review initiated in November last year, I am certain the actions
taken will place the Company in a truly exciting position for growth while
securing the sustainability of the Company's financial position by significantly
reducing its debt and leverage", says Richard Brown, CEO of GiG. 

Financial Highlights
o Revenues in Q4 2019 of EUR29.4m (39.9)
o EBITDA in Q4 2019 was EUR4.8m (5.0) with an EBITDA margin of 16.4% (12.6%)
o Revenues for the B2C segment in Q4 2019 were EUR19.0m (25.8), EBITDA was EUR4.1m
(0.8) with an EBITDA margin of 22% (3%)
o Revenues for the B2B segment in Q4 2019 were EUR12.1m (16.4), EBITDA was EUR0.8m
(4.3)
o Revenues in the B2B Media Services were EUR7.5m (8.7) in Q4 2019, EBITDA was
EUR4.0m (4.9)
o Other operating expenses were EUR13.7m (15.4) a reduction by 12%, the number of
employees decreased from 706 to 648 year-on-year.

Operational Highlights 
o Richard Brown appointed new CEO on 6 November 2019
o Introduction of fixed fee platform payment model
o GiG launches Hard Rock International's online sportsbook in Iowa
o GiG signed with Mr Green in Latvia for platform services, casino and
sportsbook 
o Renewal of contract with B2B partner Armstrong Operations Ltd. incl two new
brands, the signed on the platform with the new fixed fee payment model 

Events after Q4
o Divestment of the B2C vertical to Betsson Group 
o Introduction of GiG's next generation data platform, to be sold to existing
customers and separately to external customers 
o Extension of contract with a current platform customer with the addition of
two new brands on the fixed fee model
o Revenues in January were 8% higher than the average in Q4 2019

Outlook and guidance 
o GiG will become one of few fully independent of B2C, B2B providers after
divestment of the B2C segment which will give the Company dedicated focus on
building the B2B business 
o Strategic review continues for its proprietary sportsbook; GiG is actively
discussing joint ventures or other constellations with potential partners to
release the true asset value of the sportsbook and to secure external long term
funding
o With the divestment of the B2C vertical, full year 2020 revenues are expected
in the range of EUR70 - 75 million, with an EBITDA expected in the range of EUR14 -
17 million, including, for comparison, B2C as continued operations until
completion of the transaction

Investor presentation and webcast
CEO Richard Brown will present the Q4 results at 09:00 CET at Redeye, Mäster
Samuelsgatan 42, 10 fl, Stockholm, Sweden. The presentation will be given in
English. GiG welcomes participants to join via the live webcast or in person.

Below is the link for registration to the webcast, questions can be asked on the
live page:
https://www.redeye.se/live/gig-q4
If attending in person, please register via this link:
https://www.lyyti.fi/reg/Gaming_Innovation_Group_Live_Q_0221


For further information, contact: 
Richard Brown, CEO of GiG, richard.brown@gig.com +34 661 599 025
Tore Formo, Group CFO, tore@gig.com +47 916 68 678
Petter Nylander, Chairman of GiG, petter.nylander@gig.com   +46 76 525 09 55

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 at 08:00 CET on 18 February 2020.


About Gaming Innovation Group (GiG)
Gaming Innovation Group Inc. is a technology company providing 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, it is
connecting operators, suppliers and users, to create the best iGaming
experiences in the world. GiG 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

Legal disclaimer 
Gaming Innovation Group Inc. gives forecasts. Certain statements in this report
are forward-looking and the actual outcomes may be materially different. In
addition to the factors discussed, other factors could have an impact on actual
outcomes. Such factors include developments for customers, competitors, the
impact of economic and market conditions, national and international legislation
and regulations, fiscal regulations, the effectiveness of copyright for computer
systems, technological developments, fluctuation in exchange rates, interest
rates and political risks.

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