Gaming Innovation Group completes acquisition of Sportnco
Gaming Innovation Group Inc. (“GiG” or the “Company”) signed a Share Purchase Agreement (“SPA”) to acquire the iGaming company Sportnco Gaming SAS (“Sportnco”) on 22 December 2021. GiG has received the necessary approvals from relevant authorities, and GiG's Board of Directors has resolved to complete the acquisition, hereunder to issue new shares to the shareholders of Sportnco and to SkyCity Entertainment Group Limited (“SkyCity”). GiG acquires 100% of the shares in Sportnco Gaming SAS for a consideration of €51.37 million, whereof €27.87 million has been paid in cash and €23.50