GiG announces closure of Alira in Spain in 2027 and will prioritise CoreX
Decision aims to cut costs and consolidate technology while integrating 888AFRICA and lifting 2027 guidance.
Key Takeaways
- GiG will close the Alira platform in Spain during 2027 and consolidate its technology on CoreX.
- In Q3 2026 GiG reported revenues of €8.5 million and adjusted EBITDA of €0.8 million (9% margin).
- Cash rose to €8 million at quarter end, up from €3.5 million at 30 June 2026.
- GiG acquired 80% of 888AFRICA and launched three brands in Alberta, Canada.
- GiG forecasts combined 2027 revenues of €85–90 million and adjusted EBITDA of €17–19 million, including 888AFRICA.
Gaming Innovation Group (GiG) announced the closure of its Alira platform in Spain during 2027 and its intent to prioritise CoreX as its technology core, according to third-quarter 2026 results. The company reported revenues of €8.5 million, an adjusted EBITDA of €0.8 million (a 9% margin) and closed the quarter with €8 million in cash and equivalents, up from €3.5 million at 30 June 2026.
Quarterly results and liquidity
GiG published third-quarter 2026 figures showing revenues of €8.5 million and an adjusted EBITDA of €0.8 million, equivalent to a 9% margin. Cash position strengthened to €8 million, compared with €3.5 million on 30 June 2026.
Technology reorganisation in Spain
The company said it plans to close the Alira platform in Spain in 2027 to generate additional cost savings and consolidate its technology offering around CoreX. GiG maintains a physical presence in Spain with an office at Avenida Ricardo Soriano, 21, Marbella (Málaga).
Expansion and acquisition
GiG completed the acquisition of 80% of 888AFRICA as part of a strategy to establish a second growth engine. In Canada the firm launched three new brands in Alberta, signed a new partner agreement and extended an existing commercial relationship.
2027 guidance
For 2027 GiG projects combined revenues of €85–90 million and an adjusted EBITDA of €17–19 million for the first full year, including 888AFRICA. For product and market details the results note links sectors such as [b2b](/b2b) and [regulation](/regulation).
Frequently Asked Questions
When will GiG close the Alira platform in Spain?
GiG has announced it will close the Alira platform in Spain during 2027 as part of a technology reorganisation to prioritise CoreX.
What were GiG’s Q3 2026 financial results?
GiG reported Q3 2026 revenues of €8.5 million and an adjusted EBITDA of €0.8 million, representing a 9% margin, and ended the quarter with €8 million in cash and equivalents.
How does the 888AFRICA acquisition affect GiG’s 2027 guidance?
The acquisition of 80% of 888AFRICA is included in GiG’s 2027 guidance; the company expects combined revenues of €85–90 million and an adjusted EBITDA of €17–19 million for the first full year, including 888AFRICA.
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About the author
Gonzalo Marín
Industry Deals Correspondent
Gonzalo Marín covers the corporate deal flow of gambling — operator strategy, M&A, regulated-market entries, and product launches. The reports open with the transaction, cite companies, valuations, and jurisdictions exactly as released, and keep the announcement apart from its actual effect. When a Latin American operator raises capital or a European brand lands in the region, Gonzalo Marín reports who signs, for how much, and on what terms.
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