Gaming Innovation Group (GiG) has enhanced its senior executive team with the appointment of Phil Richards as Chief Financial Officer (CFO) for Platform & Sportsbook. This strategic move underscores GiG’s commitment to bolstering its leadership in the Platform and Sportsbook sector, guided by CEO Richard Carter.
Richards brings a wealth of financial expertise gained from diverse sectors including iGaming, cybersecurity, and accounting. His professional background includes executive roles at Kambi, as well as prominent corporations like Shell and KPMG. Notably, he served as CFO of AIM-listed Cybersecurity Specialists Corero Network Security plc. Richards’ appointment reflects GiG’s focus on recruiting seasoned professionals capable of driving strong financial performance and operational excellence.
In his new role, Richards will oversee the evolution of the finance department while contributing to the broader strategic development of the business. This includes involvement in areas such as mergers and acquisitions, investor relations, and market expansion, particularly as Platform & Sportsbook prepares for listing on Nasdaq Stockholm as part of GiG’s spin-out.
Richards’ appointment aligns with GiG Platform & Sportsbook’s ambitious growth plans. The company is actively investing in product and technological enhancements to offer a comprehensive suite of full-service features to its global market. Notably, the recent introduction of the social sweepstake casino solution, SweepX, underscores GiG’s commitment to innovation.
GiG’s focus on delivering enhanced player acquisition and retention is supported by its advanced AI stack, which powers over 60 brands in complex global markets. The company’s X-Suite Platform CoreX, Sportsbook SportX, and AI-driven features DataX and LogicX have garnered significant interest, leveraging cutting-edge technology to maximize growth opportunities for operators.
Overall, Phil Richards’ appointment underscores GiG’s strategic vision and commitment to excellence in the Platform & Sportsbook sector, further solidifying its position as a leading player in the iGaming industry.
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.”
