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Gaming Innovation Group Inc.: Key Dates Announcement for Reverse Share Split

Zoltan Tundik

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Photo source: .gig.com
Reading Time: 2 minutes

 

With reference to the announcement on 11 December 2018, the shareholders of Gaming Innovation Group Inc. (GIG) have resolved to perform a 10-for-1 reverse share split (Nw: “aksjespleis”) which means that 10 old shares will be converted to 1 new share. The par value will change from USD 0.10 to USD 1.00 per share. New ISIN code for the share will be US36467X2062.

There is no need for any shareholders to act on the reversed split as this will be resolved automatically. Regarding fractional shares, see below.

The reverse share split will be completed with the following timetable:

  • 18 December 2018 – Last day of trading of the Company’s shares inclusive the right to have the shares consolidated
  • 19 December 2018 – First day of trading exclusive consolidation
  • 20 December 2018 – VPS record date
  • 21 December 2018 – Date of delivery of the consolidated shares in VPS
  • 19 December 2018 – First day of trading of the consolidated shares (no account to account transactions or transactions with settlement prior to 21 December 2018)
  • 21 December 2018 – First day of ordinary trading of the consolidated shares

Fractional shares arising as a result of the consolidation will not be delivered.

The number of consolidated shares issued to each beneficial owner listed in the VPS on the record date will be rounded down to the nearest whole number. The Company will purchase all fractional entitlements to shares of the Company for a proportional cash payment equal to NOK 26.00 per consolidated share (the “Purchase Price”) and offer these shares for sale in the market. The net proceeds will be used to settle the Purchase Price. The maximum claim per registered owner for settlement of fractions of shares will be 9/10 of the Purchase Price (NOK 23.40). The total settlement for all fractional shares is expected to add up to approximately NOK 14,000 (approximately 525 consolidated shares).

Considering the low amount and the transaction costs associated with paying out the amount to all shareholders, settlement will be made only to shareholders who request payment from the Company. Such shareholders may approach the Company by sending an email to ir@gig.com or by post to Gaming Innovation Group, Fridtjof Nansens plass 6, 0160 Oslo, Norway. Proceeds which have not been claimed by 31 January 2019 will be donated to a charitable cause.

For further information, please contact:

Group CFO
Tore Formo
tore@gig.com

About Gaming Innovation Group (GiG):

Gaming Innovation Group Inc. is a technology company providing products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through its ecosystem of products and services, it is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is listed on the Oslo Stock Exchange under the ticker symbol GIG.

For more information about GiG and our services also see: www.gig.com

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Gambling in the USA

Foxwoods Resort Casino® Scores New MVP With David Ortiz Partnership

George Miller

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Foxwoods Resort Casino® Scores New MVP With David Ortiz Partnership
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Red Sox Legend Gets a New Designation with the Northeast’s Premier Resort Destination

 

Foxwoods Resort Casino, voted the Best Casino Outside Las Vegas by a USA Today readers’ poll, has scored big once again by announcing an exclusive partnership with Red Sox legend and Fox Sports analyst David Ortiz.

A 10-time All Star, 7-time Silver Slugger and 3-time World Champion, Ortiz is stepping up to the plate in a new role with Foxwoods, where he’ll join the property’s roster as a designated ambassador. In addition to appearing in upcoming marketing campaigns, the baseball icon will lend support to other exclusive initiatives on property, including gaming tournaments and other hosted events.

“We are so thrilled to welcome David Ortiz to the Foxwoods team, solidifying a unique partnership between two New England institutions,” said Foxwoods’ Interim CEO & Mashantucket Pequot Tribal Council Chairman Rodney Butler. “Big Papi knows a thing or two about hitting it big, and we’ve hit the jackpot in adding him to our lineup to engage with guests and elevate the Foxwoods brand in his new role with the organization.”

“I’ve had such great experiences coming to Foxwoods over the years, so this partnership is a really exciting opportunity for me to show why it’s the premier resort destination in the Northeast,” said Ortiz. “We’re going to have a lot of fun together, and I look forward to sharing the Wonder Of It All with my fans!”

The announcement was made via a special public presentation at Foxwoods today ahead of the property’s 5th Annual Baseball Winter Weekend, an exclusive fan-fest featuring the 2019 Boston Red Sox. For more information, visit foxwoods.com.

 

About Foxwoods Resort Casino:
As the largest resort casino in North America, Foxwoods Resort Casino offers guests a premier destination resort experience throughout its six world-class casinos; AAA Four-Diamond hotels featuring over 2,200 rooms; dining options for all tastes; luxurious spas; award-winning golf; state-of-the-art theaters; Tanger Outlet Mall; conference space for groups of all sizes; and free online casino games at FoxwoodsONLINE.com. There is always something new at Foxwoods, most recently the arrival of Foxwoods Extreme Adventures. Adventure knows no limit as guests can zipline, free fall, catapult or race around on a European-style indoor karting track. Foxwoods Resort Casino truly is The Wonder Of It All, providing a personalized and exciting escape for everyone. Foxwoods, opened in 1992, is owned and operated by the Mashantucket Pequot Tribal Nation. For a detailed look at Foxwoods Resort Casino and Mashantucket Pequot Tribal Nation visit Foxwoods.com.

 

Source: Foxwoods Resort Casino

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Industry News

100 Joker Staxx Makes Its Debut at Playson Sites According to Tunf

George Miller

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100 Joker Staxx Makes Its Debut at Playson Sites According to Tunf
Reading Time: 2 minutes

 

Playson is renowned for its ample array of jester-themed slots. With more games starring harlequins and clowns, jacks and jokers than any other provider, these titles are immensely popular with Playson fans. The casino software developer has now added another new game to their arsenal, as 100 Joker Staxx appears at casinos offering their games this week.

There are similarities between this new release and 40 Joker Staxx, which, by and large, features the same gameplay albeit with fewer paylines. Fans of that game will no doubt be delighted to learn that they can play with 100 paylines in this release, with stacked icons galore and most importantly, cheap stakes are available.

Cheap Stakes and Decent Wins

Playson have made 100 Joker Staxx: 100 Lines inexpensive to play. With 100 paylines present on the reels, there are ample chances to bag wins, all for the low cost of 20p per spin. Larger stakes can be wagered, too, with maximum bets capped at £100 a spin. The newly launched casino game offers up a wealth of fruit symbols upon its reels, and these are capable of delivering wins which can rise as high as 5x the total amount wagered. Landing wins with the iconic bells and bars symbols or red and golden sevens can see wins worth up to 12.5x a stake paid out.

Standard Fare for Any Fruit Machine

Although there aren’t any special bonuses in 100 Joker Staxx: 100 Lines, there are special symbols which can help players land comfortable and considerable wins. Wild symbols can substitute for all other standard paying symbols in the slot. They take on the form of a jester’s hat and can pay out prizes worth up to 50x a bet. Scattered star icons will count and pay out prizes wherever they land on the reels. They are responsible for the non-progressive jackpot cash prize, as well as other top prizes. Landing 5 anywhere on the screen will see a jackpot worth 200x a stake paid out.

The Newest Game in Playson’s Arsenal

100 Joker Staxx is not the first game from this provider to feature a jester, and it won’t be the last. Alongside this top release are other Fruits & Jokers, Joker Expand, and Joker Staxx games, each with a varying number of paylines, special features, wagers and prizes. Those titles, as well as this new slot game, should now be available to play at all popular Playson casinos.

 

About Tunf:

Tunf is an online slots library that covers information related to gaming & online casinos. For more information check out the guide at Tunf.com.

Source: Tunf.com

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Industry News

Casumo agrees Red Tiger deal

George Miller

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Casumo agrees Red Tiger deal
Reading Time: 2 minutes

 

Popular operator takes advantage of new Malta licence

 

Award-winning casino game and software supplier Red Tiger Gaming has launched its full portfolio of slots with Casumo, which is the first operator to go live on its recently granted MGA B2B licence.

The new partnership will give Casumo’s players access to all of Red Tiger’s popular titles, as well as their player-friendly daily Jackpots, which are available in all of its markets including the newly locally regulated Swedish one.

Gavin Hamilton, CEO of Red Tiger Gaming, said the new relationship was in line with the company’s strategy to continue entering regulated markets and expand their footprint in existing ones.

He added: “We’re thrilled to have signed up with Casumo as the new deal and licence mark another important milestone in our company growth.  We look forward to seeing how our games perform, particularly with the daily jackpots adding extra excitement.

“Casumo has a long track record in innovation and finding new ways to engage with players. We are excited to be partnering with them and the prospect of creating even better player experiences.”

Andreas Vickman, Project Manager at Casumo, said: “Red Tiger is renowned for the high-quality games it produces and its very innovative marketing and bonusing tools are a great addition for an operator like us.

“We are very excited to see what games are on the way and how we are able to utilise them in the coming months and beyond, as we look to capitalise on new and existing markets.”

The Casumo deal comes on the back of a period of significant growth for Red Tiger, with Lottoland and Mansion going live at the end of 2018 and the supplier acquiring new licences in Malta and Alderney, as well as achieving ISO 27001 accreditation.

 

About Red Tiger Gaming:

Red Tiger Gaming is a young and dynamic casino games developer offering top-performing HTML5 slots and table games, a bespoke progressive jackpot system and Smart Spins, an innovative bonus management application. Founded in late 2014 by a group of industry veterans from major B2B and B2C gaming brands, the company is growing fast and is now served by over 200 full time staff including mathematicians, graphic designers, software developers, audio engineers, gambling experts, QAs, account managers and secret magicians; all entirely dedicated to continuously improving the slots player experience. Learn more at: www.redtigergaming.com

 

 

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