Gaming Innovation Group (GiG) has appointed Phil Richards as the new Chief Financial Officer (CFO) for its Platform and Sportsbook operations. This move is part of GiG’s strategic reinforcement of its senior executive team. Richards brings significant financial expertise from his extensive experience with companies such as Kambi, Shell, KPMG, and Corero Network Security. As the new CFO, Richards will play a crucial role in the ongoing evolution of the finance department, assisting with mergers and acquisitions, investor relations, and strategic market development. Richards expressed his excitement about joining GiG during a pivotal period of growth, highlighting the company’s strong product and market reach. CEO Richard Carter emphasized that Richards’ appointment is a major milestone in GiG’s objective to cement its leadership in igaming and sports betting. Moreover, GiG is preparing to split its business into two separate entities: GiG Media and Platform and Sportsbook, with the split projected to be completed by Q3. Q1 financial results show a significant revenue increase of 27.5%, with GiG Media contributing €28.0 million and Platform and Sportsbook €8.3 million.

iGaming, Corporate Finance, Technology,Global, Europe