June 4, 2024 3 min read


Fact-checked by Velimir Velichkov

GiG Designates Phil Richards as CFO of Platform & Sportsbook

GiG praised its new CFO’s background in delivering strong financial performance and instilling robust financial and operational discipline

Gaming Innovation Group (GiG) has announced a significant addition to its C-suite, naming the experienced Phil Richards as the new chief financial officer for Platform & Sportsbook. The latest addition is in line with the ongoing strengthening of the division’s senior executive team under the guidance of CEO Richard Carter.

GiG described the appointee as a “proven financial strategist across iGaming, cybersecurity and accounting.” The company further pointed out that the hire’s impressive track record includes executive positions at other notable companies, such as Kambi and blue-chip giants Shell and KPMG.

Prior to joining GiG’s team, Richards served as chief financial officer of Corero Network Security, an expert in cybersecurity.

According to GiG, the appointee’s skills across the gambling and online sectors will be invaluable to the company. GiG furthermore praised its new CFO’s background in delivering strong financial performance and instilling robust financial and operational discipline.

In his new position, Richards will be responsible for the evolution of the finance department. In addition, he will be tasked with supporting the wider strategic development of the business, exploring M&A opportunities, creating robust relations with GiG’s investments and growing the Platform & Sportsbook division as a whole.

Richards Joins GiG at a Pivotal Time

Richards commented on his new appointment, expressing his delight about the position. He said that he is looking forward to underpinning GiG Platform & Sportsbook’s growth at such a pivotal moment in its growth story.

Richards also expressed his excitement about the opportunity to work alongside GiG’s experienced team.

Working alongside such an experienced executive team will allow me to further support the continued evolution of GiG’s Platform, cementing its position as the market leader for operators globally.

Phil Richards, CFO, GiG Platform & Sportsbook

Richard Carter, the division’s chief executive officer, welcomed Richards on board, praising his appointment as “another significant step” toward GiG Platform & Sportsbook’s goals.

We are completing a process of bringing together the strongest leadership in sports betting and iGaming, and I am confident that his arrival will help further fuel our strategic plans, establishing us as a leader across the iGaming industry.

Richard Carter, CEO, GiG Platform & Sportsbook

In other news, GiG just set out to acquire Casinomeister in a $3.25 million deal. Set to close in June, the deal will strengthen GiG’s business, cementing its commitment to providing better player services to its iGaming partners.


Angel has a passion for all forms of writing, be it fiction or nonfiction. His curious nature gives him an ace up his sleeve when researching a new topic. Angel’s thirst for knowledge, paired with adaptability, always helps him find his way around.

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