Leading iGaming
Company
The boards of iGaming companies Nio Inc. (Nio) and Gaming Innovation Group Ltd. (GiG) have today announces that they have signed a Share Exchange Agreement to exchange the entire issued share capital of GIG for shares in Nio in order to create a leading iGaming company.
So why is this interesting for us and our readers?
Because Nio (through Candid Gaming) is the company behind the new Betspin Casino, while GiG is the parent company of very reputable Guts Casino.
These will of course remain separate casinos and the management team of GiG will continue in their respective positions also after completion of the transaction.
The combined Nio/GiG is aiming at becoming the most customer oriented, partner friendly and innovative company in the iGaming industry and become one of the leading iGaming companies in Europe.
Short term, Nio and GIG will focus on synergistic effects between its B2C operator businesses Guts.com, BetSpin.Com, and Rizk.Com and have financial capacity to ram-up marketing activities.
“The agreement strenghtens Nio’s iGaming position, capabilities and value creation potential”, says Kjetil Myrlid Aasen, CEO of Nio.
“GiG is teaming up with NIO with a clear vision – combining valuable iGaming knowledge and experience to create a platform for investments in industry leading people, products and services”, says Robin Reed, Managing Director GIG.
For more information and full press release – click on this link.
