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GiG removes Robin Reed in shock management shake-up

Gaming Innovation Group changes leadership with Richard Brown becoming acting CEO

In what comes as a shock to the industry, the Board of Directors of Gaming Innovation Group Inc. (GiG) has "decided to replace the CEO of GiG, Robin Eirik Reed, who leaves his position today 5 September 2019".

Filling his shoes will be recently promoted Chief Operating Officer Richard Brown who "assumes the position as acting CEO as of today."

sigma igaming GiG is divesting Highroller to Ellmount Gaming Outgoing GiG CEO, Robin Reed

Petter Nylander, Chairman of the Board of GiG commented: “Robin has played a crucial part in building a unique one-stop global technology provider and we all owe him our sincere gratitude for this. However, the company now enters into the next phase of its development with different challenges and opportunities and the Board has reached the conclusion that GiG therefore also needs a different leadership. We have a skilled management team in place, I and the Board have full confidence in the Chief Operating Officer, Richard Brown who will be acting CEO of GiG from today.”

The announcement goes on to suggest an increased responsibility for Petter Nylander, who will, "with immediate effect, increase his engagement to take a more active role in GiG in order to support both the succession process and the management team, strategically as well as operationally."

The company will now start the process of recruiting a permanent CEO immediately.

Petter Nylander added: “The strategy of GiG remains unchanged; to be the global operator and partner for strong brands in iGaming, with a sweetspot in taking an offline casino brand to a strong online offering, as we have with SkyCity and Hard Rock. We are focusing on securing potential contracts within the B2B Platform services and on servicing our many customers with fully managed and component solutions. We will continue the development of the Media services and the sportsbook, not least to leverage GiG’s opportunities in the US. We will also continue driving the B2C Gaming operators with a focus on growth in new markets.”

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