There has been no news at all about Gaming Innovation Group Inc (OTCMKTS:GIGI) for more than a month and hence, it is perhaps not a surprise that the stock was moving within a range yesterday.
Market Reaction
On Wednesday , GIGI stock ended flat at $1.73 with 14K shares, compared to its average volume of 2 shares. The stock has moved within a range of $1.7332 – 1.7332 after opening trade at $1.7332.
Recent Developments
In this situation, it may be a good idea from investors to perhaps consider taking a look at the major development with regards to Gaming Innovation Group from back on December 22, 2021. At the time, the company announced that it had inked a Share Purchase Agreement or SPA pertaining to the potential acquisition of Sportnco Gaming SAS, an iGaming firm.
In this situation, it is perhaps necessary for investors to perhaps take a look at the nature of the company that Gaming Innovation Group is trying to acquire. Sportnco Gaming is one of the major operators in the turnkey betting and gaming solutions space for betting operators. In addition to that, the company has also managed to come up with a sportsbook of its own. Hence, it is an acquisition that could prove to be transformational for Gaming Innovation Group. At this point, investors might do well to keep their eyes peeled for any further news about the company.
