GiG Software Plc reported €17.8 million in first-half 2026 revenue while advancing a proposed acquisition of an 80% stake in 888AFRICA, a move that could shift the company from a primarily B2B iGaming technology provider toward a combined B2B and B2C operating model.
The company’s second-quarter results showed pressure from a customer insolvency-related bad-debt provision, while management continued cost reduction efforts and pursued expansion through the planned 888AFRICA transaction.
Key Facts
| Category | Details |
| Company | GiG Software Plc |
| H1 2026 revenue | €17.8 million |
| Proposed acquisition | 80% stake in 888AFRICA |
| Seller | Evoke |
| Deal value | $19.2 million |
| Existing management stake | 20% |
| Transaction status | Subject to final approvals |
GiG Reports Mixed H1 2026 Financial Performance
GiG Software reported Q2 revenue of €8.8 million, down from €9.3 million in the previous year’s comparable quarter. Adjusted EBITDA remained at €0.8 million.
The company recorded an operating loss of €6.9 million during the quarter, compared with a €3.7 million loss in Q2 2025.
According to the supplied report, the main factor affecting results was a €2.9 million bad-debt provision related to the insolvency of customer Richmond Atlantic.
For the first half of 2026, GiG generated €17.8 million in revenue, representing a 3% decline year on year.
Company Continues Cost Reduction Programme
GiG said it completed an annualised savings programme worth €4.5 million and started additional cost reduction measures targeting a further €6 million in annualised savings.
The company also reported commercial activity during the period, including contract renewals, new operator agreements and market launches.
Proposed 888AFRICA Acquisition Expands GiG’s Role
The largest strategic development came after the reporting period, when GiG confirmed it was in the final stages of acquiring an 80% stake in 888AFRICA from Evoke. Existing 888AFRICA management would retain a 20% stake under the proposed structure.
The transaction values the stake at $19.2 million, according to the supplied report.
If completed, the acquisition would give GiG direct exposure to an online gambling operator rather than operating only as a technology supplier.
Transaction Remains Subject to Completion Conditions
The proposed acquisition has not yet closed.
According to the supplied information, the agreement remains subject to final approvals and signing of the share purchase agreement.
GiG expects completion by the end of September, although the timeline remains dependent on transaction completion requirements.
Potential Impact on the iGaming Industry
The deal represents a broader trend of technology suppliers exploring direct consumer operations.
Historically, GiG has focused on providing B2B gaming technology solutions. A completed 888AFRICA acquisition would increase its exposure to operating online gambling brands directly.
For operators, the development highlights continued interest in emerging African online gambling markets.
For suppliers, it shows a possible shift toward combining technology infrastructure with consumer-facing operations.
However, the long-term impact will depend on whether the transaction closes successfully and whether GiG can integrate the new business alongside its existing operations.
What Happens Next
The immediate focus for GiG Software will be completing the 888AFRICA transaction, maintaining cost controls and improving operational performance following the H1 results.
The company’s future direction will depend on transaction completion, integration progress and the performance of its existing B2B business.
FAQs
GiG Software plans to acquire an 80% stake in 888AFRICA from Evoke in a proposed $19.2 million transaction. The deal has not yet been completed.
GiG Software reported €17.8 million in H1 2026 revenue.
The proposed acquisition would expand GiG’s exposure to B2C operations, but the transaction must be completed before any structural change takes effect.
GiG expects completion by the end of September, according to the supplied report, but the timeline remains subject to final approvals.
