Gaming Innovation Group Inc has officially changed its name to Gentoo Media Inc after approval was received in a shareholder meeting held on 23 September 2024.
In a statement on the Gentoo Media (formerly GiG Media) website, the company also said it has continued its dual-listing on Norway’s Oslo Stock Exchange with the ticker symbol G2MNO, as well as on Sweden’s Nasdaq Stockholm with the ticker symbol G2M.
The name change from GiG to Gentoo is part of the company’s restructuring process of dividing its media and platform division, a planned split which is expected to take place on 30 September.
GiG’s restructuring process has been in the works since a strategic review of the company was initiated back in February 2023, with the company now following up on the planned timeline of the split announced earlier in September.
From the end of the month, GiG’s platform and sportsbook division will be spun off to operate as an independently listed company under the name GiG Software PLC.
GiG Software will be listed on the Nasdaq First North Premier Growth Market, with its first day of trading expected to be 1 October.
Recently, GiG appointed Andreas Söneby to the board of directors of GiG Platform.
Söneby brings experience from the gaming and technology sectors to the role, having previously served in leadership positions for Unibet, Kindred Group and Kambi. He has also held executive positions at White Hat Gaming and Instabox and is currently a Venture Partner at Industrifonden, a venture capital firm in Sweden.