The repositioning of GiG’s original operator Guts is part of the B2C strategy communicated in the Q1 2019 report, where the focus going forward will be on further developing the two best performing brands; Guts by enhancing the sports betting experiences and Rizk by developing the focus on casino. This will be supported by growth in existing and new markets where the Company sees opportunities.
GiG is continuing to develop its sportsbook with new features. Key priorities are innovative trading tools, data driven odds together with a full retail and online solution. Break-even in this vertical is expected in the first half of 2020. This will be achieved by strengthening the sportsbook by growing the in-house brand Guts, by the developments in the new sportsbook and a focused marketing approach.
GiG launched its new sportsbook in June 2018 on its in-house brand Rizk.com and it has since been sold externally to brands such as MRG’s subsidiary 11.lv, Metal Casino and as an omni-channel sportsbook solution to Hard Rock International.