- GIG has undergone an impressive turnaround that has not been appreciated by the market.
- The company is strongly positioned in a highly attractive niche helping landbased casinos moving online.
- GIG is valued at a fraction of their listed competitors due to prior mismanagement.
- As the new management team has executed and completed their turn-around, we don’t see any reason for this discount to continue.
- If the market doesn’t close this huge valuation gap by itself, we think theboard will initiate a structured sales process that would deliver a return ofseveral times the current market cap. The M&A landscape in the industry ishot.
For further details see:
Gaming Innovation Group: One Of The Cheapest Stocks In Scandinavia