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Frugl Group Limited ( (AU:IFG) ) has issued an update.
InFocus Group Holdings Limited has announced the creation of a specialized business unit, InFocus Gaming Technologies Pty Ltd, to expand its iGaming activities. This move positions the company to capitalize on the USD 95 billion iGaming industry by developing and operating infrastructure for online gaming. With significant contracts in place and backing from digital asset investors like Mythos Group, InFocus aims to enhance its market recognition and explore new commercial pathways. The company has secured contracts worth over USD 5.75 million in the past year and is considering operating some of its developed technologies to generate ongoing revenues. A partnership with GBO Assets provides InFocus a head start with a non-exclusive license for technology development, further solidifying its position in the iGaming sector.
More about Frugl Group Limited
InFocus Group Holdings Limited is a data analytics and software solutions company that operates in the iGaming industry. The company focuses on developing infrastructure for online gaming, leveraging its expertise in data intelligence, fintech, digital assets, and cyber security.
Average Trading Volume: 2,738,636
Technical Sentiment Signal: Sell
Current Market Cap: A$7.44M
For a thorough assessment of IFG stock, go to TipRanks’ Stock Analysis page.