GiG appoints Phil Richards as CFO of Platform & Sportsbook

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Gaming Innovation Group has added to its Platform & Sportsbook senior executive team with the appointment of Phil Richards as Chief Financial Officer. 

Richards brings financial experience across igaming, cybersecurity and accounting to GiG, having held executive roles at Kambi, Shell and KPMG. He joins the company from Corero Network Security, who are AIM-listed cybersecurity specialists, where he was also CFO.

As CFO, Richards will be responsible for Platform & Sportsbook’s financial department and “supporting the wider strategic development of the business including M&A, investor relations and market development” when the business is listed at Nasdaq Stockholm following its split from GiG Media.

Commenting on his appointment, Richards said: “I am delighted to be joining GiG at such a pivotal moment in the company’s growth story. The strength of the product and market reach, coupled with a best-in-class management team will enable the company to rapidly expand and gain market share.

“Working alongside such an experienced executive team will allow me to further support the continued evolution of GiG’s Platform, cementing its position as the market leader for operators globally.”

GiG added that the appointment will help accelerate Platform & Sportsbook’s growth plans as it continues to invest in its product and technological capabilities for the global market.

“Phil’s appointment is another significant step towards helping us reach the high bar we have set for the business,” added Richard Carter, CEO of Platform & Sportsbook at GiG.

“We are completing a process of bringing together the strongest leadership in sports betting and igaming, and I am confident that his arrival will help further fuel our strategic plans, establishing us as a leader across the igaming industry.”

Last month, GiG claimed to be operationally ready for the strategic Media and Platform & Sportsbook split, which is expected to be completed by Q3, pending approvals.