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Mishcon de Reya advises Gaming Innovation Group Plc (GiG) on its €51.37m acquisition of Sportnco Gaming SAS

Posted on 12 April 2022

Mishcon de Reya is proud to have advised Gaming Innovation Group Plc (GiG) on its €51.37million acquisition of Sportnco Gaming SAS, paid in cash and new shares in Gaming Innovation Group Inc. In addition, the shareholders of Sportnco are entitled to a two year earn-out based on performance in 2022 and 2023 of up to €11.5miliion per year payable in cash and new shares in GiG Inc.

Sportnco is one of the leading platform providers of turnkey betting and gaming solutions for operators in regulated markets through its in-house developed sportsbook and PAM. The combined company will enhance and strengthen GiG’s position as one of the industry leading platform and media providers with innovative and proprietary products and creating one of the largest and fastest growing providers in regulated iGaming with an unparalleled regulated geographical footprint.

The Mishcon de Reya team was led by Niki Stephens (Partner, Betting & Gaming) with support from Saul Sender (Partner, Corporate), Susan Breen (Partner, Betting & Gaming), Gary Richards (Partner, Corporate Tax), Dan Goldsborough (Corporate), Tom Whitton (Betting & Gaming), Charlie Wright (Corporate) and Max Nicolaides (Betting & Gaming).

Niki Stephens said: "We are delighted to have advised GiG on this significant acquisition which, as CEO Richard Brown has said, marks the beginning of a new chapter in GiG's history. It has also been a pleasure to work alongside Claudio Caruana, GiG's General Counsel and GiG's French and Spanish counsel, De Gaulle Fleurance & Associés and Garrigues."

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