Date: 05.04.2024

by Mateusz Mazur

MJ Foundation FR Expands Shares in Gaming Innovation Group

MJ Foundation FR has acquired an additional 100,000 shares in the Gaming Innovation Group (GiG), a transaction facilitated through the Oslo Børs.

GiG Triumphs in Q3 2023 with Record Revenues and Strategic Growth

This strategic acquisition has increased the MJ Foundation Fundacja Rodzinna’s shareholding to a total of 4,943,772 shares, translating to approximately 3.83% of GiG’s total registered share capital and voting rights.

Strategic Acquisition Enhances Stake

This acquisition underscores the MJ Foundation FR’s deepening commitment to the iGaming sector, reflecting a broader trend of investment and consolidation within the industry.

The Juroszek family, through their investment arms—Betplay Capital Sp. z o. o., Juroszek Holding Sp. z o. o., MJ Investments Sp. z o.o., and MJ Foundation FR has further solidified its position as a major stakeholder in GiG.

Collectively, they now hold 19,424,518 shares, accounting for 15.06% of GiG’s total registered share capital and voting rights.

Regulatory Implications of the Transaction

This transaction has triggered a mandatory disclosure requirement under the Norwegian Securities Trading Act (Section 4-4, cf. Section 4-2), necessitating the MJ Foundation Fundacja Rodzinna to publicly announce the share acquisition. Owned by Mateusz Juroszek, the foundation’s increased stake is a testament to the growing influence and strategic interests of the Juroszek family in the global iGaming landscape.

The acquisition not only marks a significant investment by the MJ Foundation FR but also highlights the evolving dynamics within the iGaming industry. Such movements are indicative of the increasing consolidation and strategic positioning by key players, aiming to leverage the growing opportunities in the digital gambling sector.

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