GIG on Turn Pike :)

Gaming Innovation Group Inc. (GiG) signs a Share Purchase Agreement (SPA) with
Betsson Group (Betsson) for the divestment of GiG's B2C assets which include the
operator brands Rizk, Guts, Kaboo and Thrills. Betsson will, through this
agreement, become a long term partner of GiG, generating revenues to GiG's
Platform Services. On the day of closing, Betsson will pay EUR31 million,
consisting of a EUR22.3 million cash payment for the acquisition, plus a prepaid
platform fee of EUR8.7 million. GiG will use the proceeds to repay the Company's
SEK300 million 2017 - 2020 bond.

Betsson commits to keep the brands operational on GiG's platform for a minimum
of 30 months. For the first 24 months, Betsson will pay a premium platform fee
based on NGR generated. Based on the expected platform fees, the total value of
the transaction is estimated at approximately EUR50 million.

Betsson, listed at Nasdaq Stockholm, is one of the most dominant European
companies in online gambling with a long and strong track record of brand
building, both organically and via acquisitions. It offers online casino,
proprietary sportsbook and other online games in a multi-brand strategy via
gaming licences in twelve countries in Europe and Central Asia.

The sale of the B2C vertical is a result of GiG's strategic review, initiated in
November 2019, leading to an evolved strategic direction to reduce complexity
and improve efficiency. By divesting the B2C vertical, GiG will free up
resources, enabling full dedication on driving and growing its B2B business,
securing stable and sustainable earnings and profit margins. GiG sees a large
and sustainable addressable market for its platform business as the regulation
of the iGaming industry continues and is well positioned with the omni-channel
platform offering to capitalise on the continued digital transformation of the
worldwide gambling market.

GiG has, as part of the strategic review, taken a decision to make its technical
platform sportsbook agnostic, and partner with other sport book providers to
offer the best solutions to its customers. Betsson's sportsbook solution is
intended to be integrated on GiG's platform-offering. Both GiG and Betsson will
gain strategic advantage in having the possibility to sell their respective B2B
solutions in an environment without conflict of their own B2C brands.

In order to keep the strategic position for its own proprietary sportsbook, GiG
will seek joint ventures or other constellations with partners to release the
true asset value of the sportsbook and to secure external long term funding. The
ambition is to gradually grow with existing and new long term partners,
including the fast growing US market. GiG is one of the few B2B providers
present with omni-channel online gambling services in multi-state jurisdictions
in the US.

Pontus Lindwall, Chief Executive Officer of Betsson AB comments: "We believe
this deal offers a good opportunity for Betsson to consolidate, create synergies
and apply our core B2C skills and marketing insights to scale these assets to
their true potential. The agreement with GiG further strengthens and expands
Betsson's outreach and growth potential for its proprietary sportsbook and
payments platforms in the B2B market.

Betsson has significantly invested in the development of its sportsbook and now
delivers a powerful offering. A key strategy is to grow our sportsbook with B2B
customers and I am excited to collaborate with GiG as a distribution channel. We
share the same passion for sports betting and providing a player environment
which is unique, entertaining and safe."

Richard Brown, Chief Executive Officer of GiG says: "I am very excited about
this transaction as it provides multiple upsides to GiG. While putting the
Company in a financially sustainable position, it gives us the ability to focus
on where we see real long term shareholder value. This transaction serves as a
strategic focusing of the Company's efforts towards the B2B segment. Offering
both B2C and B2B services had synergies in the past, however, the current
conflicting priorities of the two business areas, and increased complexity in
the market, have lessened the potential offering on both fronts and our ability
to sign new customers.

I am delighted to retain our brands on the platform and in the process, adding
Betsson as a partner as we share the same ambition of responsibility for all
stakeholders, safe play for the end user, and an entertaining user experience. I
am certain that together with their speciality, focus and strong track record on
driving B2C growth, it will be a fruitful partnership. Additionally, the planned
integration of Betsson's sportsbook into our platform offering, not only
provides cost saving synergies, it also allows us to offer one of the most
well-renowned European sportsbooks to our current and future B2B partners. We
are excited to support Betsson's growth of the brands we have built and now look
forward to GiG next chapter as a specialist iGaming B2B provider".

GiG's full year 2019 revenues were EUR123.0 million (EUR29.4m in Q4 2019) with an
EBITDA of EUR14.1 million (EUR4.8m Q4 2019), assuming B2C as continued operations.
The isolated B2C full year 2019 revenues were EUR79.0 million (EUR19.0m in Q4 2019)
with a full year 2019 EBITDA of EUR8.1 million (EUR4.1m in Q4 2019). The divestment
of the B2C vertical will lead to a write-down of the remaining book value of the
B2C assets and related goodwill, an impairment will be recognised in the fourth
quarter 2019.

With the divestment of the B2C vertical, full year 2020 revenues are expected in
the range of EUR70 - 75 million, with an EBITDA expected in the range of EUR14 - 17
million, including, for comparison, B2C as continued operations until completion
of the transaction.

Expected completion of the transaction is mid April 2020, giving time for the
compulsory regulatory approvals from merger control and gaming authorities. GiG
is in dialogue with its largest bondholders and will seek consent from its
bondholders to extend the repayment of the 2017 - 2020 bond from the maturity
date in March 2020 until 22 April 2020. Written resolutions for the two bonds
will commence shortly, and GiG has received voting undertakings from investors
representing around 53% of the outstanding volume in the 2017 - 2020 bond, and
around 46% of the outstanding volume in the 2019 - 2022 bond. As compensation
for the extension of repayment date in the 2017- 2020 bond, bondholders in said
bond will receive a consent fee of 0.35% of the nominal amount.

GiG invites all interested parties to a press conference with Q&A today, 14
February, at 08:30 CET. Questions can be addressed both in the call and via the
web. Please find dial-in details and weblink below.

Weblink (an on-demand version will be available approx. 30 minutes after the
call using the same link):
https://tv.streamfabriken.com/gig-press-conference

Participants dial in numbers:
SE: +46 856642651
NO: +47 23500243
UK: +44 3333000804
US: +18558570686
DK: +45 35445577
IT: +39 0236013821
Participants Pin code: 84408716#

Stella EOC acts as financial adviser to GiG in connection with the transaction.

For further information, please contact:
Richard Brown, CEO of GiG, richard.brown@gig.com +34 661 599 025
Petter Nylander, Chairman of GiG, petter.nylander@gig.com +46 76 525 09 55
Tore Formo, Group CFO of GiG, tore@gig.com +47 916 68 678