Gaming Innovation Group (GiG) has appointed Matthew Saxon as the chief technical officer (CTO) for its Platform & Sportsbook business. Saxon’s immediate effect role involves leading the development of GiG’s solutions, including engineering and infrastructure, platform migrations, GiG Data, and GiG Logic. With over 30 years of experience in the igaming and financial sectors, Saxon previously served as the senior vice president of technology strategy and architecture at Sportradar for more than four years.
Prior to joining GiG, Saxon worked with WorldPay for four and a half years and spent time at PricewaterhouseCoopers. In addition, earlier in his career, he functioned as a technical architect at Barclays. Expressing his excitement about joining GiG, Saxon emphasized the strong foundation of the company as a catalyst for driving partners’ businesses.
Saxon’s appointment is the latest in GiG’s hiring spree for its Platform and Sportsbook arm, following the decision to divide the Platform and Sportsbook business and Media division separately after a strategic review. Each business division will operate as publicly listed companies. The recent appointment of Richard Carter as CEO of the Platform and Sportsbook business in August has been accompanied by GiG’s strategic strengthening of senior teams, with Andrew Cochrane joining as the chief business officer last month.
Carter welcomed Saxon’s appointment, anticipating that it would contribute significantly to the high standards set for the business. He expressed confidence in Saxon’s arrival and its potential to further augment GiG’s strategic plans, positioning the company as a leader in technological advancement and commerciality across the igaming industry.
In addition to these changes, GiG experienced the departure of Richard Brown as chief executive earlier than expected, with Jonas Warrer taking over as acting group CEO. The company also completed the acquisition of KaFe Rocks for €35.0m, aiming to enhance its presence in the North American market. GiG’s third-quarter revenue reached an all-time high of €31.8m, largely driven by its GiG Media division.
Furthermore, GiG completed a €75.0m senior secured bond issuance to raise additional funds, which will contribute to funding the acquisition of KaFe Rocks and support the business’s growth and development. These developments represent a transformative period for GiG as it continues to navigate industry challenges and pursue new opportunities for expansion and innovation.