GiG raises EUR 8.5 million for 888AFRICA acquisition
The transaction uses a directed share issue and convertible loans to finance the purchase. Projected combined group revenues reach EUR 48 million for fiscal year 2026.
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iGaming technology and managed services provider
gig.comLast updated
In short: GiG raised €8.5 million to acquire a majority stake in 888Africa, expanded its Canadian presence, and reported stable 2026 financials.
The transaction uses a directed share issue and convertible loans to finance the purchase. Projected combined group revenues reach EUR 48 million for fiscal year 2026.
The company delivered €4.5m in cost savings while targeting €6m more, and outlined combined revenue projections following its proposed purchase of an 80% stake in 888AFRICA.
Operators can now deploy modular, API-first technology for regulated online gambling
The company also launched partner LuckyDays into the newly regulated market, marking further Canadian expansion.
888Africa will be GiG's first entry back into the world of B2C gambling in the last few years, after it pivoted to B2B in 2023.
B2B platform supplier Gaming Innovation Group is close to striking a deal to buy evoke’s share of B2C sports betting brand 888Africa.
Q1 2026 Financial Results - Solid trading across Q1 supported by stable revenue and adjusted EBITDA - Cost savings initiatives ...
The transaction covers GIG's full portfolio of subsidiaries: insurer UCS, surety placement platform...
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