Two more gaming companies have downsized their operations in the latest in a wave of Malta-based companies undergoing cost-cutting exercises.

GiG announced on Monday that it has stopped investment in GiG Games, its in-house game studio in Marbella, on the southern coast of Spain, with immediate effect, Newsbook reported. At least 25 GiG employees have been terminated, while three others have been kept on to maintain the studio until the end of the year.

Launched in late 2017, the Spanish studio developed and released their first proprietary casino game in October 2018, before going on to develop a total of four original games. However, these weren’t seen as having raised much capital for the company and was dropped as the company begins looking at cutting “non-marketing related operating expenditure”.

“The decision to halt in-house content production is a strategic choice to facilitate full focus and resources on becoming the platform of choice for the iGaming industry,” said acting CEO Richard Brown.

“This action will swiftly lead to cash savings building to approximately €250,000 per month once the full effect is realised,” he continued.

While GiG will keep the games, the Marbella studio itself will be shuttered and didn’t deny possibly re-entering into the development of casino games at a later stage.