Quickspin
SBTECH

GiG shares hit new 52-week low as impairment charges weigh on bottom line

11th February 2019 9:09 am GMT
Gaming Innovation Group

Oslo-listed Gaming Innovation Group (GiG) has recorded a net loss of €16.1m for the final quarter of 2018 after incurring impairment charges of €13.7m relating to four of its B2C brands.

The company said that its Q4 revenue of €39.9m was in line with the same quarter last year, which included a €2.0m one-off settlement fee. Excluding that fee, revenue would have climbed by 5 per cent year-on-year.

While B2B revenue fell by [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Skywind Group
Pragmatic Solutions
Finnplay
NSOFT
SG Reimagine
Greentube
Playtech
SBTECH