GiG Media, a division of Gaming Innovation Group (GiG), has rebranded as Gentoo Media following the announcement of its spinoff from GiG’s platform and sportsbook operations.
Operating independently under the new name, logo, and visual identity, Gentoo Media will retain its existing team and brands. The rebranding aims to position the company as a standalone business in the latter half of 2024.
Gentoo Media has reported 13 consecutive quarters of record revenue, achieving strong EBITDA margins of 48% in the last quarter. The company plans to focus on delivering results, fostering growth, and building sustainable partnerships.
Jonas Warrer, CEO of Gentoo Media, commented:
The launch of our new brand is a significant milestone in the separation of GiG Media from Gaming Innovation Group. Gentoo has been developed with our partners and employees in mind, reflecting our true identity and values. This marks a new era, and we are thrilled about the future prospects of the business.
Mikael Harstad, Chairman of the Board, added:
The rebrand of GiG Media is a crucial step in establishing GiG and Gentoo Media as independent entities, enhancing shareholder value.
Earlier this month, GiG Media implemented the Quality Mark Regulatory Assurance (QMRA) policy to ensure compliance across its iGaming websites in regulated markets. Additionally, GiG announced a partnership with GP Gaming to launch its SportX and CoreX platforms in multiple European markets, including France, pending regulatory approvals. GiG also signed an agreement to acquire Titan, a provider of SEO and content services, to improve operational efficiency and market position.
