GiG to Part Ways with Group CEO Richard Brown

Gaming Innovation Group (GiG), a leading iGaming platform and sportsbook provider, announced that Richard Brown will step down as group CEO on December 31 this year. In the meantime, the company will look for a GiG Platform CEO.

Brown has served the company for 8 years, helping it grow its business and become a leading supplier. He is stepping down as group CEO amid a process that will see GiG split into two entities.

GiG plans to separate its platform business from its media business, thus forming GiG Media and Platform & Sportsbook. To that end, the company’s board of directors is currently conducting a strategic review of the company’s business.

As announced, GiG Media will continue doing business under the current leadership, while Platform & Sportsbook will name a new CEO.

Serving GiG Has Been an Honor for Brown

Brown commented on his departure from the position, saying that leading GiG has been a “true honor and privilege.” His 8 years with the company, 4 of which as CEO, helped him meet and lead some amazing people, Brown said.

He is happy to have helped GiG bolster its B2B value and is certain that the company will continue to grow.

I have no doubt that the teams throughout the organization 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

Petter Nylander, the chairman of GiG’s board of directors, praised Brown for his amazing job. He wished him all the best and thanked him for agreeing to remain on board until the end of 2023.

Richard has done a tremendous job with GiG over the years and 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, chair, GiG

May Was a Strong Month for GiG

In other news, May proved to be a very productive month for the B2B company. Not only did it secure a license to operate in Sweden, but it also managed to form important agreements with other companies.

GiG successfully expanded its presence in the Latvian market by inking deals with William Hill, Fenibet and Mr Green. A week later, the provider also strengthened its partnership with bet365, announcing a deal extension with the operator.