GIG: GIG acquires sports technology company.

Gaming Innovation Group Inc. (GIG) has entered into an 
agreement to purchase the sports betting technology 
company OddsModel AS. The acquisition is a milestone 
in GIG's ambition to offer a leading platform for 
Sportsbooks.

OddsModel has for several years developed software 
used for automated and manual pricing of global 
betting markets. The company produces data utilized to 
generate real-time pricing of Pre-Match and In-Play 
sports events through the use of quantitative methods 
and proprietary analytical models, which are 
complementary to third party odds providers.

Through this transaction, GiG will assume a team of 
top class experienced traders whom are sourcing the 
very best information and data into technology 
platforms to trade sports and hedge risk. By deriving 
prices from sports data the traders are executing 
betting strategies using automated software «trading-
robots».  

All systems will be fully integrated with 
iGamingCloud's Sportsbook engine and will 
significantly enhance the offering for the benefit of 
internal brands and B2B customers. The aim is to 
conclude initial integrations of the systems ahead of 
the Euro Cup in June, while a complete integration 
will be concluded thereafter.

Robin Reed, CEO of GIG, said:
"We´ve been working towards this acquisition for 
nearly 8 months and are thrilled to conclude. 
Sportsbetting is the largest vertical within the 
iGaming sector. Through the acquisition and 
integration of the very exciting software, and vastly 
skillful people of OddsModel, GIG will significantly 
enhance its capability to serve attractive and 
innovative solutions to B2B and B2C customers. We aim 
at concluding integrations in time to serve our 
clients and customers a very competitive Sportsbook 
for the Euro Cup".

GIG will issue 21.87 million new GIG shares as 
consideration for all shares in OddsModel, 
corresponding to a multiple of approximately six on 
the projected net result for OddsModel in 2016. The 
new shares will be subject to a two-year lock-up 
agreement.

The closing of the transaction is subject to a 
satisfactory due diligence review and final approval 
by GIG's Board of Directors. 

The new shares will be issued under the Company's 
750,000,000 authorized shares. GIG's outstanding 
shares today are 525,120,952. Following completion of 
the transaction, the Company will have 546,990,952 
shares outstanding.

Close associates of Christopher Langeland, board 
member and primary insider of GIG, owns 46% of 
OddsModel and will receive 10,060,200 new shares in 
GIG pending completion of the acquisition. After 
completion of the transaction, Mr. Langeland and close 
associates will own 16,497,018 shares in GIG. 

For further information, contact: 
Robin Reed, CEO, +356 9999 0382, 
(Robin.Reed@guts.com)

About GIG:
Gaming Innovation Group Inc. is an emerging gambling 
solutions and interactive entertainment provider. The 
Company offers cutting-edge cloud-based services and 
B2B performance marketing, and owns B2C gambling 
operators offering games from the best-of-breed 
suppliers across the online sports betting and casino 
industry. Gaming Innovation Group operates out of 
Malta and is listed on the Oslo Stock Exchange under 
the ticker symbol "GIG".

For more information about the Company and our 
services:
https://gaminginnovationgroup.com
https://igamingcloud.com
https://www.guts.com
https://www.betspin.com
https://www.rizk.com