Gaming Innovation Group (GiG) has unveiled plans to distribute its business among shareholders as part of a strategic separation of its media and platform operations. This move follows GiG's decision to split the organization into two distinct entities, announced in February 2023 as part of a comprehensive strategic review.
Under the proposed restructuring, GiG's business will be transferred to shareholders through Innovation Labs Ltd, a subsidiary of GiG. This initiative aims to establish separate entities: GiG Media and GiG Platform, each with its own dedicated management team. While GiG Media will continue to operate within the GiG organizational framework, GiG Platform will emerge as an independent entity following the distribution of its business to shareholders.
The restructuring process also involves the composition of the board of directors for both companies. The nominating committee has carefully evaluated and selected three new members to GiG's board: Mateusz Juroszek, Nicholas Batram, and Cristina Romero de Alba. Each brings extensive experience in the gambling sector, ensuring robust oversight and strategic guidance for both GiG Media and GiG Platform.
By streamlining its operations and establishing separate entities, GiG aims to optimize business processes and enhance focus on key strategic objectives within the rapidly evolving gaming industry landscape. The distribution of its business to shareholders represents a significant milestone in GiG's ongoing transformation journey, positioning the organization for sustained growth and success in the years ahead.
