ANGOLA; MALTA —Malta-headquartered B2B iGaming technology provider GiG Software has finalized a binding share purchase agreement to acquire an 80 percent controlling interest in pan-African B2C gaming operator 888AFRICA for a total valuation of €16.4 million. Under the structured payment terms, GiG will pay €6.1 million upon transaction closure, with the remaining balance of €10.3 million distributed across the subsequent 10 months. The target entity currently generates annualized net gaming revenue of approximately $50 million and turned cash-generative in the second quarter of 2026, delivering an adjusted EBITDA margin of 13 percent.
This strategic transaction provides GiG Software with immediate operational scale and entry into high-growth, regulated African betting jurisdictions. Founded in late 2022, 888AFRICA holds top-tier market share in Mozambique alongside licensed consumer operations across Angola and Tanzania. By absorbing an established consumer-facing operator, GiG diversifies its revenue streams beyond its core B2B framework while securing a direct distribution channel for its proprietary technology assets across emerging gaming hubs.
The acquisition reflects broader consolidation trends within the global online gambling sector, where platform providers are increasingly targeting high-yield emerging jurisdictions to offset tightening regulatory controls in mature European markets. The integration of 888AFRICA is projected to bolster GiG's balance sheet through direct cash flow contributions while creating cost efficiencies via platform consolidation and technology migration across regional brand operations.
GiG Software is a Malta-based technology enterprise listed on the Nasdaq First North Premier Growth Market that develops scalable proprietary software, compliance frameworks, and B2B platforms for global online casino and sports betting operators.
