GiG names new CFO for platform & sportsbook arm
4th June 2024 9:11 am GMT
Gaming Innovation Group (GiG) has appointed Phil Richards as chief financial officer (CFO) of its platform and sportsbook division.
Richards will be responsible for the evolution of the finance department as well as supporting the wider strategic development of the business, including M&A, investor relations and market development.
Richards joins GiG after a brief stint as CFO of Correo Network Security, having previously spent over half a decade at sportsbook supplier Kambi.
He joined Kambi in January 2017 as group financial controller before taking on the role of US general manager with responsibility for developing Kambi’s Philadelphia office and expanding the supplier's presence in the US.
He was named senior VP of finance at Kambi in January 2021 and was in charge of all areas relating to finance within the Kambi Group.
Outside of the iGaming sector, Richards had spells at Shell as financial controller, and he also held a variety of roles at KPMG.
“Phil’s appointment is another significant step towards helping us reach the high bar we have set for the business,” said Richard Carter, CEO for platform & sportsbook at GiG. “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.”
Richards said of his new role: “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.”
Shares in Gaming Innovation Group Inc. (STO:GIG) were trading 0.32 per cent lower at SEK31.40 per share in Stockholm Tuesday morning.
