Gaming Innovation Group (GiG) has announced that Richard Brown is stepping down as CEO and moving to a board advisory position until 31 December 2023. This change is effective immediately and complements the company’s long-term restructuring efforts. The split should unlock the full potential of each business unit by providing them with enhanced strategic and financial flexibility.

Brown Leaves Behind a Legacy of Success

GiG’s planned split will give rise to two industry-leading companies, each with the potential for accelerated growth compared to the existing corporate structure. To facilitate this transition and ensure the success of each business unit, GiG made several crucial leadership changes, culminating with Richard Brown’s decision to step down from his position as CEO.

Petter Nylander, GiG Chairman of the Board, will assume the role of Executive Chairman during the transitional period until the proposed split, overseeing the company’s strategic review. He thanked Brown for his long-time contributions, expressing gratitude for his decision to accept the board advisory position and ensure a smooth transition.

The board wants to thank Richard for his valuable contribution to GiG over the years. We are pleased that Richard will be available until year-end to secure the succession.

Petter Nylander, GiG Executive Chairman

This arrangement will give the new leadership teams the autonomy and mandate to efficiently lead their respective business units while benefiting from Brown’s background support. The former CEO commented that GiG was at an all-time high, presenting a perfect opportunity for him to step down. He was confident his successors would preserve the company’s legacy and drive future success.

The New CEOs Will Help Ensure a Smooth Transition

Richard Carter will lead GiG’s Platform & Sportsbook business unit and should gain full autonomy after the planned split. He stepped into the CEO position in August, providing knowledgeable and experienced leadership for this crucial division. Carter will leverage his expertise to ensure the enduring success of GiG’s software-as-a-service (SaaS) vertical, servicing over 40 business partners in 35 markets worldwide.

Jonas Warrer will retain his leadership position in GiG Media. Serving as the CEO of this business unit, his experience, and expertise will be pivotal in preserving the GiG brand’s enduring popularity and laying the groundwork for new collaborations. His input was instrumental in several of the company’s recent partnerships, so both new divisions seem in good hands.

We now have two strong CEOs with full operational responsibility for each business unit.

Petter Nylander, GiG Executive Chairman

GiG’s strategic decision to divide the company presents significant short-term challenges as the two teams adjust to their new position. However, the company’s leadership position and history of success should provide a stable foundation for the split. Brown’s transition to an advisory role is a pivotal part of this strategy, enabling GiG to navigate this challenging period.

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The leading developer of iGaming solutions, services and products, Gaming Innovation Group (GiG), announced a new senior-level appointment Monday. The company revealed it hired the services of the iGaming expert with wide experience, Richard Carter. Joining GiG, he was appointed to the role of CEO of the company’s Platform and Sportsbook.

Carter, an experienced leader with significant knowledge, is going to play a key role in the growth of GiG’s Platform and Sportsbook business segment. His appointment comes ahead of a planned separation of GiG and its Platform and Sportsbook business.

Recently, the company unveiled details regarding the planned separation. It is expected to benefit the Platform and Sportsbook business, as well as GiG, enabling the two companies to grow separately and capture new market opportunities.

The unique experience and deep industry knowledge that Carter brings are expected to play an important role in the separation process. The latest appointment follows an extensive process that sought to identify the best candidate that can fit the role and propel the growth of GiG’s Platform and Sportsbook division.

Under Carter’s guidance, the division is expected to grow further within the competitive iGaming market. Leveraging his experience, the new CEO is expected to help the company continue to deliver its technology via software-as-a-service (SaaS) to a growing portfolio of more than 40 business partners in 35 markets around the globe. Although Carter’s appointment was announced this week, GiG explained that he will join the company starting on September 18, 2023.

Carter Brings Extensive Experience

Petter Nylander, GiG’s chairman of the Board, welcomed Carter to the company’s C-suite. He said that GiG is excited to see him join the company for this important role. Finally, Nylander noted: “The Board believes Richard Carter has the relevant experience, given his success as CEO of SBTech and has shown an impressive and deep understanding of the GiG business, its opportunities and provided thoughtful strategic considerations on how to build on the recent success of the Platform and Sportsbook business and driving shareholder value.”

Carter was similarly delighted and said that it is thrilling to join GiG at such a transformational time. He spoke about the leading technology and solutions that GiG offers for the iGaming sector. Additionally, Carter pointed out that GiG’s division is positioned well to continue growing and expanding its footprint. Last but not least, he said that he is looking forward to playing an important role in the future of GiG’s Platform and Sportsbook business.

Without any doubt, Carter brings a solid background after being a part of leading companies within the iGaming sector. His professional career includes a CEO role with SBTech, as well as a CEO role with Bragg. Moreover, he was also a director of research at Deutsche Bank. Throughout Carter’s professional career, he was able to accumulate significant knowledge and understanding of the iGaming sector, qualities that are undoubtedly going to help him in his new role with GiG.

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