Gaming Innovation Group Inc. announced that revenues in the second quarter of the year hit €16.7 million, up 49 per cent on the previous quarter and 47 per cent when compared to the same period a year earlier.

“Q2 was a strong start for GiG as its first quarter as a B2B only company, and the signings after the quarter confirm further my confidence that the company can continue to grow and flourish, which will deliver shareholder value in the years to come.”, CEO Richard Brown was quoted as saying by European Gaming.

GIG divested its B2C business to Ta’ Xbiex-based Betsson in mid-April.

EBITDA stood at €2.8 million in the period under review, growing by 93 per cent year-on-year and 382 per cent over the previous quarter.

Revenues from media services totalled €8.6 million and €8.2 million from platform services.

The company said that the positive developments continued post-Q2, with July revenues, on adjusted basis, increasing by 38 per cent when compared to same period last year.

GIG is a technology company providing solutions, products and services for the iGaming industry. It operates out of Malta and is dual listed on the Oslo Stock Exchange and on Nasdaq Stockholm.