The Polish Juroszek family has bought SkyCity Holdings' stake in Gaming Innovation Group (GiG). Investors now own 25.06% of the business. The deal is valued at $55 million.
This funding will assist SkyCity Holdings in clearing its debts, and the Juroszek family will solidify its position as the biggest shareholder of GiG.
Even though SkyCity still has partnerships with Gaming Innovation Group, it has chosen to divest its stake in the company, deeming it a non-core asset. The decision to sell was described as strategically necessary by SkyCity. On the other hand, the Polish investors, who have been the principal shareholders of GiG for nearly a year, have now reinforced their ownership.
Mateusz Juroszek commented on the deal: “We want to be the largest shareholders because we believe in this business.” He added that his family sees great potential in the company and the online gaming industry as a whole.
The deal comes at a time when GiG is strategically separating into its sportsbook and media platforms (now renamed Gentoo Media). Interestingly, Yurosheki is on the boards of directors of both divisions.
In general, members of the Juroszek family own, among others: Betplay Capital, Betplay Capital Foundation, Juroszek Holding, MJ Foundation, MJ Investments and ZJ Foundation.
