Oslo-listed gaming operator and B2B supplier Gaming Innovation Group (GIG) has announced the departure of chief executive Robin Reed, with chief operating officer Richard Brown assuming his duties as acting CEO.

The leadership change effective today (Sep. 5) also sees GIG chair Petter Nylander take a more active role in the business, both strategically and operationally, in order to support the management team and aid in the succession process.

“Robin has played a crucial part in building a unique one-stop global technology provider and we all owe him our sincere gratitude for this,” said Nylander.

“However, the company now enters into the next phase of its development with different challenges and opportunities and the board has reached the conclusion that GiG therefore also needs a different leadership. We have a skilled management team in place, I and the board have full confidence in the chief operating officer, Richard Brown who will be acting CEO of GiG from today.”

The search for a permanent chief executive will begin immediately.

“The strategy of GiG remains unchanged; to be the global operator and partner for strong brands in iGaming, with a sweetspot in taking an offline casino brand to a strong online offering, as we have with SkyCity and Hard Rock,” Nylander added.

“We are focusing on securing potential contracts within the B2B Platform services and on servicing our many customers with fully managed and component solutions. We will continue the development of the Media services and the sportsbook, not least to leverage GiG’s opportunities in the US. We will also continue driving the B2C Gaming operators with a focus on growth in new markets.”

Shares in Gaming Innovation Group (OSL:GIG) were trading down 5.88 per cent on the news at NOK8.00 per share in Oslo early Thursday morning.