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Zona de Azar Malta – GiG Names Phil Richards CFO for Platform & Sportsbook

Malta.- June 05, 2024 Gaming Innovation Group (GiG) has announced the appointment of Phil Richards as Chief Financial Officer (CFO) for Platform & Sportsbook, as GiG continues the strategic strengthening of its senior executive team in Platform and Sportsbook under the guidance of its CEO, Richard Carter.

A proven financial strategist across iGaming, cybersecurity and accounting sectors, Richards’ resume includes executive positions at Kambi, and blue-chip giants Shell and KPMG, with his most recent role as CFO of AIM listed Cybersecurity Specialists Corero Network Security plc. The appointment brings expansive financial expertise and experience within online sports betting to the role of CFO at GiG Platform & Sportsbook, with his background in delivering strong financial performance complimented by his ability to instil robust financial and operational discipline, across organisations.

Richards will be responsible both for the evolution of the finance department and also supporting the wider strategic development of the business including M&A, investor relations and market development when Platform & Sportsbook will be listed at Nasdaq Stockholm in connection with the spin out of GiG.

The latest strategic appointment to the executive management line-up will help to accelerate Platform & Sportsbook’s ambitious plans for growth, as the business continues to invest across its product and technological capabilities, providing an ever more compelling suite of full service product features for its global addressable market, including its new social sweepstake casino solution, SweepX.

Focused to deliver higher player acquisition and retention, GiG’s innovative, feature lead AI stack currently powers over 60 brands in some of the most complex markets worldwide. GiG has enjoyed a significant uplift in interest following the launch of its X-Suite Platform CoreX, Sportsbook SportX, and AI led features DataX and LogicX. Leveraging the latest in AI and data based solutions, the revolutionary new technology is anchored to secure, scalable, user centric end-to-end features that are adept at maximising opportunities for operator growth.

Richard Carter, CEO for Platform & Sportsbook at GiG said; “Phil’s appointment is another significant step towards helping us reach the high bar we have set for the business. We are completing a process of bringing together the strongest leadership in sports betting and iGaming, and I am confident that his arrival will help further fuel our strategic plans, establishing us as a leader across the iGaming industry”

Phil Richards, Chief Financial Officer at GiG Platform & Sportsbook comments; “I am delighted to be joining GiG at such a pivotal moment in the Company’s growth story. The strength of the product and market reach, coupled with a best-in-class management team will enable the Company to rapidly expand and gain market share. Working alongside such an experienced executive team will allow me to further support the continued evolution of GiG’s Platform, cementing its position as the market leader for Operators globally.”

Edited by @pererarte


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