1. Malta Stocks

  2. •

    Consumer Cyclical

  3. •

    Gambling, Resorts & Casinos
Gaming Innovation Group Inc.

Gaming Innovation Group Inc.

GIG.OL
Gaming Innovation Group Inc.NO flagOslo Stock Exchange
28.20
NOK
+1.65
- -
3.80BMarket Cap
Gaming Innovation Group Inc.
GIG.OL
(Oslo Stock Exchange)

Recent

price

28.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
7.24
1.19
0.86
0.76
1.2
0.33
0.3
0.44
0.85
1.35
0.58
0.49
0.7
0.88
0.53
0.69
0.57
Revenue per Share
-23.56
-6.51
0.26
0.05
0.27
-0.72
- -
-0.05
0.04
- -
-0.25
-0.72
-0.2
- -
0.03
0.09
-0.51
Basic EPS, GAAP
-9.97
-2.66
0.13
0.03
-0.02
-0.31
-0.02
-0.06
0.01
-0.51
0.06
-0.07
0.11
0.04
0.1
0.14
0.08
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-142.77
-61.56
0.48
1.06
0.75
0.02
0.88
1.02
1.14
0.88
0.62
-0.1
-0.3
-0.23
0.04
0.18
-1.62
Book Value per Share
-12.13
0.66
-0.12
-0.22
0.15
-0.05
0.07
0.01
- -
-0.59
-0.57
-0.4
-0.51
-0.38
-0.61
-0.09
-0.9
Tangible Book Value per Share
- -
1
6
6
15
15
32
41
63
89
90
90
90
94
116
128
132
Basic Weighted Avg Shares
2
1
5
5
17
5
10
18
54
120
52
44
63
83
62
89
75
Sales/Revenue/Turnover
-244.02
-333.08
31.52
9.59
31.41
-132.94
-2.56
-16.81
5.17
1.34
-8.76
-45.87
-13.75
7.46
46.15
42.53
64.39
Operating Margin (%)
- -
- -
- -
1
2
2
- -
1
3
11
20
26
19
15
22
29
88
Depreciation Expense
-5
-3
2
- -
4
-11
- -
-2
2
- -
-23
-65
-18
- -
3
11
-67
Net Income, GAAP
- -
- -
1.91
10.7
1.33
- -
- -
- -
13.19
175.32
- -
- -
- -
- -
3.88
20.12
23.35
Effective Tax Rate (%)
-325.57
-544.68
30.8
6.95
22.81
-217.97
-1.53
-12.16
4.47
-0.35
-44.13
-146.84
-28.06
-0.08
5.02
12.94
-89.58
Profit Margin (%)
- -
- -
-1
-2
2
-1
2
- -
- -
8
9
-6
-3
7
- -
97
-21
Working Capital
3
- -
- -
- -
- -
- -
- -
2
3
67
66
49
57
53
68
78
91
LT Debt
-1
- -
- -
7
11
3
3
28
105
109
88
21
4
12
65
92
-13
Total Equity
- -
- -
192.83
10.65
59.64
- -
- -
- -
3.36
-0.84
- -
- -
- -
- -
24.58
18.78
29.79
Return on Invested Capital (%)
- -
- -
-11.27
6.31
45.81
- -
- -
- -
5.36
-1.43
- -
- -
- -
- -
9.65
21.15
584.07
Return on Capital (%)
- -
- -
- -
7.05
44.97
-197.04
-1.04
-6.23
4.23
-0.56
-33.93
- -
- -
- -
- -
82.14
142.03
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
1
1
1
LT Borrowings
73
89
89
LT Finance Leases
4
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
129
135
135
Market Capitalization
374
334
307

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
157
163
29
Cash, Cash Equivalents & STI
6
19
5
Accounts Receivable, Net
23
21
24
Inventories
- -
- -
- -
Total Current Liabilities
71
86
51
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
174.17%
111.71%
42.09%
Free Cash Flow
-843.92%
-46.43%
65.2%
Net Income, GAAP
145.85%
-965%
269.43%
Sales/Revenue/Turnover
52.22%
15.54%
43.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
23
27
27
30
62
2023
18
22
22
-14
89
2024
28
30
30
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.01
0.01
- -
- -
0.03
2023
0.03
0.05
0.07
- -
0.09
2024
0.03
-0.04
-0.43
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
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Business
Gaming Innovation Group Inc. Gaming Innovation Group Inc. (GIG.OL) provides B2B iGaming technology solutions, including its award-winning iGaming platform (CoreX), sportsbook (SportX), AI-powered real-time rules engine (Logic), frontend solutions, content management systems, player account management, real-time data platforms, and managed services; the company targets online casino and sports betting operators in regulated markets worldwide, with licenses in Malta, UK, Sweden, Spain, New Jersey (USA), and authorizations in regions such as Peru, Ontario (Canada), and others. Founded in 2012 and headquartered at GiG Beach, Triq id-Dragunara, St. Julian’s, Malta, Gaming Innovation Group operates across Europe, North America, Latin America, and emerging regulated jurisdictions, delivering scalable, compliant technology for digital transformation in casino and sports segments. Recent developments include the spin-out of its media division into independent Gentoo Media in September 2024; commencement of trading on the US OTCQX Best Market under ticker GIGXF in October 2025; an Extraordinary General Meeting in August 2025 approving an increase in authorised share capital to €220,000, election of director Supa-us Tapaneeyakorn, and updates to the Memorandum and Articles of Association; a directed share issue announced in July 2025 following strong investor interest; expansion of the SportX portfolio with Betzone’s sportsbook upgrade in the UK in August 2025; launch with PowerPlay in Ontario, Canada in March 2025; and appointments of industry professionals in April 2025 to drive global partnerships and sportsbook growth. The company maintains subsidiaries in Malta, Denmark, Gibraltar, and Spain, focusing on innovation, regulatory compliance (including ISO 27001 and GLI certifications), and partnerships to support operators' growth in complex markets.