Nio Inc. Acquires Guts.com Parent Company

iGaming company Nio Inc. has signed a share exchange agreement with Gaming Innovation Group (GiG) parent company of Guts.com.

As a result of the deal, the companies will exchange shares leading to GiG becoming a Nio Inc. subsidiary pending shareholder and regulatory approvals.

Additional GiG subsidiaries are iGamingCloud.com, Innovation Labs and Secure Gaming Limited (Rizk.com).

“The agreement strengthens Nio’s iGaming position, capabilities and value creation potential”, said Kjetil Myrlid Aasen, chief executive officer of Nio.

“GiG is teaming up with NIO with a clear vision – combining valuable iGaming knowledge and experience to create a platform for investments in industry leading people, products and services”, said Robin Reed, Managing Director GIG.
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    catapultaudio

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    Guts have been one of the best on-line casinos around since their launch, and there staff have been great in my experience in all areas such as support and especially when liasing with the community at large via forums and the like, so it worries me to hear of them changing hands ... I hope the new owners will treat the brand with the respect it deserves.

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