A corporate merry-go-round in the iGaming industry continues to provide a steady stream of big-name departures, particularly on the Mediterranean island of Malta.
Brown’s four-year role as GiG CEO comes to an end on December 31
On Monday, it was the turn of iGaming technology giant Gaming Innovation Group (GiG) to announce a parting of ways with its Chief Executive Officer, Richard Brown. Brown’s four-year role as GiG CEO comes to an end on December 31.
GiG’s Chairman of the Board of Directors Petter Nylander said Brown agreed to the prolonged departure in order to “secure a smooth transition.“
While Nylander said Brown had done “a tremendous job” with the B2B supplier, and that GiG was in “a very good position driving shareholder value going forward,” the corporate reshuffle seems all the rage in European iGaming firms at the moment, especially those in Malta.
Earlier this month, the CEO and Chief Financial Officer of online casino firm Kindred announced they’d
be leaving their employer. Just a week later, Kindred’s Chief Marking Officer and Chief Commercial Officer also joined the executive exodus.