GiG to appoint Phil Richards as Chief Financial Officer

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Gaming Innovation Group (GiG) has appointed Phil Richards as Chief Financial Officer (CFO) for Platform & Sportsbook, as part of its strategic initiative to enhance its senior executive team under the leadership of CEO Richard Carter.

Richards, an accomplished financial strategist with experience in the iGaming, cybersecurity, and accounting sectors, has held executive roles at Kambi, Shell, and KPMG. His most recent position was CFO at AIM-listed cybersecurity firm Corero Network Security plc. Richards brings extensive financial expertise and a strong background in online sports betting to his new role at GiG Platform & Sportsbook. His track record in driving financial performance and instilling financial and operational discipline will be invaluable.

In his new role, Richards will oversee the finance department’s development and support the broader strategic growth of the business, including M&A, investor relations, and market development, particularly as Platform & Sportsbook prepares for its listing on Nasdaq Stockholm in connection with GiG’s spin-out.

This appointment is a key part of GiG’s plan to accelerate the growth of Platform & Sportsbook. The company is investing heavily in its product and technology capabilities, offering a comprehensive suite of full-service products to a global market, including the new social sweepstake casino solution, SweepX.

GiG aims to enhance player acquisition and retention with its innovative, AI-driven platform, which supports over 60 brands in complex markets worldwide. The company has seen a significant increase in interest following the launch of its X-Suite Platform CoreX, Sportsbook SportX, and AI features DataX and LogicX. These advanced technologies offer secure, scalable, user-centric features designed to maximize operator growth opportunities.

CEO Richard Carter stated:

Phil’s appointment is a crucial step in achieving our ambitious goals. We are assembling the best leadership team in sports betting and iGaming, and I am confident his expertise will propel our strategic plans, establishing us as a leader in the iGaming industry.

Phil Richards, the new CFO of GiG Platform & Sportsbook, said:

I am thrilled to join GiG at this pivotal moment. The strength of our products and market reach, combined with a top-tier management team, will enable rapid expansion and increased market share. I look forward to contributing to the continued evolution of GiG’s Platform, solidifying its position as the global market leader for operators.