GiG Media rebrands to Gentoo Media Inc after company split
Gentoo Media (formerly GiG Media) officially announced its name change from Gaming Innovation Group Inc. to Gentoo Media Inc.Gentoo Media is a market-leading affiliate...
Gentoo Media completes its legal split from GiG
Gentoo Media has officially completed the restructuring process, finalizing the split of its media and platform divisions into two independently listed companies.
After receiving final approval from the Board of Directors, Gentoo Media has successfully completed the legal process to separate its platform business.
The newly independent B2B company will operate under the name GiG Software PLC, offering platform and sportsbook technology mainly in the iGaming sector.
Mikael Harstad, Chairman of the Board in Gentoo Media said:
“This marks a new chapter in the ongoing evolution of our media affiliate business. Gentoo Media is now well-positioned to continue its remarkable growth journey as an independent and vertical focused company within iGaming.”
Jonas Warrer, CEO of Gentoo Media, stated:
“We are thrilled by the opportunities this split presents, allowing us to strengthen our market leadership while enhancing shareholder value.”
Gentoo Media will now focus solely on its media business, continuing as a leading affiliate in the iGaming industry. In addition, the company has secured a EUR 25 million Revolving Facility Agreement with Citibank Europe, ensuring financial flexibility for its operations. Gentoo Media is excited to collaborate with Citi as its primary banking partner.
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