Gig finalizes purchase of 888africa for millions

Gaming Innovation Group has completed an 80 percent acquisition of 888africa.

Written by the BettingEdgeHub desk, 12 October 2026

Gaming Innovation Group finalized the purchase through its software division. The deal gives the company control of 80 percent of 888africa. The transaction closed after the final conditions were met.

African market expansion

The acquired company holds licenses in Angola and Tanzania. It also leads the betting market in Mozambique. This move gives the buyer a strong consumer operation in the region.

The total cost of the deal reached 16.4 million euros. The initial payment was 6.1 million euros at closing. The remaining balance will be paid over the next ten months.

Financial growth and numbers

Second quarter revenue increased significantly compared to previous periods. Annualized net gaming revenue is projected to reach 44.62 million euros. The wagering requirement details for customers were not stated in the announcement.

Chief executive Christopher Coyne highlighted the future growth plans. The leadership team expects to enter new African markets soon. The current investors share high ambitions for the brand.

Future outlook for players

Richard Carter stated that the acquisition improves company scale. The purchase adds a direct business to consumer operator to the group. Operations will continue under the new corporate structure.

What it means for a bet

This acquisition could mean more betting options and promotions as the company expands its African footprint.

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