Gaming Innovation Group (GIG), registered in Stockholm, confirmed a message that he has signed an agreement on the transfer of ownership of his online casino Highroller (Highroller.COM) ELLMOUNT GAMING LTD totaling 7 million euros.
According to the ELLMOUNT Agreement, the GIG B2B client will continue to work with Highroller using the GIG platform and other services.
Revealing the terms of the transaction, GIG will be a recipient of monthly payments throughout the contracting period of 48 months.
GIG launched Highroller in 2017 as its own brand, trying to attract a wider gaming audience using game function functions. Stockholm enterprise reports that the revenue of Highroller amounted to 1.4 million. Euro, and EBITDA – 200,000 euros for the first six months of 2019.
In the future, the GIG leadership confirms that the company will focus on controlling four main brands RIZK, Guts, Kaboo and Thrills.
Informing investors, Robin Reed, CEO GIG, tells: "Sale of Highroller is a confirmation of our discipline and orientation on how we develop RIZK.Compare to become an online casino operator first-level on selected markets. Thanks to this agreement, we get an enlarged cash flow, a strong B2B partner and Highroller will receive marketing power and focus on which they deserve. The brand was launched only two years ago, and with this sale he returned the three-digit profit profitability in GIG. I look forward to when a new online casino will flourish in the hands of very capable owners authorized by the right to use our full set of products and services ".
Supporting its corporate ambitions to become the world leader in gambling B2C and B2B, Gaming Innovation Group (GIG) reorganized its team responsible for technology.
Chris Armen was appointed to the main information director (CIO), joining the enterprise registered in Stockholm from competing SG Digital, where he previously served as the post of chief technological director.
GIG control describes the purpose of the ARMEA as the main transformation of its strategic vision, fixing the industry leader with experience more than 60 mergers and acquisitions.
"Gig more and more focuses on increasing values for larger and complex customers around the world, and Chris Armen will provide reliable and safe delivery of technical solutions for existing and new customers," the GIG leadership says.
GIG also strengthened the technology of staff of personnel appointments, inviting professional high-level managers.