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Parimatch Begins New Round of Development with the Creation of a Supervisory Board

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Parimatch’s New Board Of Directors Will Tackle Key Strategic Issues And Assist The Company As It Continues On Its Development Journey

Parimatch has continued its technological and professional overhaul by creating a new advisory team. The “Supervisory Board” will tackle the many unique challenges that this rapidly growing gaming company faces over the coming years.

The board will include Katerina Belorusskaya, a major stakeholder who has been with the company since 2011, and Marek Šmrha, non-executive consultant of the Board.

At the same time, Sergey Portnov will relinquish his role of CEO and instead serve as Chairman of the Board. Maksym Liashko and Roman Syrotian, in addition to receiving roles on the Supervisory Board, will become co-CEOs and divide operating activities between them. These activities will be related to finance, legal, communication and admin (for Liashko) and IT, product, and marketing (for Syrotian), allowing the company to strengthen, consolidate, and ensure the best people are performing the most suitable roles.

An additional non-executive role on the board is currently vacant. Parimatch hopes to fill this role soon and a search is underway to find a candidate with enthusiasm, ambition, and vision that matches those currently on the board.

The board will be tasked with helping Parimatch to navigate through the highly competitive world of online gaming and sports betting. It will also rule on decisions such as the company’s potential Initial Public Offering and the means through which it will continue its expansion, but it will exist as a separate entity and will not be directly involved with the company’s day-to-day operations.

Maksym Liashko: “For Roman and me, a dual CEO structure is a logical move and consolidation of the company’s growth directions. We know our areas well, and we will do everything to implement the company’s plans to enter the next level of development.”

Roman Syrotian: “Maksym and I are granted the responsibility of leading the company as co-CEO. It’s an honour for me. Being already in excellent shape today, Parimatch has ambitions of achieving top positions on the markets all over the world. I hope to contribute to this goal by ensuring that we provide our customers with the highest quality entertainment and services.”

The Supervisory Board believes that the new structure will strengthen Parimatch`s position and allow it to continue the growth that has seen it become one of the biggest technology companies in Europe.

The international holding has been in business for over 25 years, and while it has grown steadily throughout that time, most of its growth has occurred without the last few years. Parimatch operates in over ten countries of the world via local licenses and under the franchise model. The brand is present in Cyprus, Belarus, Kazakhstan, the UK and is currently the only licensed bookmaker in Ukraine.

In recent years it has signed brand ambassador deals with the likes of Conor McGregor and Mike Tyson, helping it gain more traction within the sports betting arena, and it has also sought to improve its technology, adopting bigger, better, and more efficient sports betting solutions.

The Supervisory Board is the next step in this evolution process and has come at a crucial time for the brand.

Sergey Portnov, the current Chairman of the Board and the man who has helped to shape and define the company’s recent success, believes that these changes will provide stability and direction needed to grow:

“Updates in the company’s structure and creating a board is an indicator of the company’s maturity and readiness. Now is the best time for such changes. I am sure that this will strengthen the brand’s strategy and will allow the large ship that is Parimatch to move along the route rapidly.”

 

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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FBM Foundation boosts digital learning at ISCAG School in Cavite

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The FBM Foundation took a bold action to empower students with essential digital skills at the ISCAG School in Salitran I, Dasmariñas, Cavite, on September 29th. The initiative, organized under the project “Building a Champion by Champion: Shaping Digital Leaders of Tomorrow,” provides vital resources to enhance the students’ digital learning experience for the future.

This solidarity gesture by the FBM Foundation reinforces the project’s intervention in the education field. The ISCAG – Islamic Studies Call and Guidance of the Philippines School Inc. is a non-stock, non-profit organization dedicated to fostering understanding and correcting misconceptions about Islam and Muslims. It serves 230 students from grade school to high school, creating an environment conducive to intellectual and spiritual growth.

Guided by their dedication to driving meaningful change, 10 FBM Foundation committed volunteers actively participated in this initiative. The intervention went beyond distributing 18 computer units, tables, chairs, and air conditioning units by including light repairs and the organization and cleaning of the school’s computer lab. This hands-on approach transformed the learning environment, creating a modernized and welcoming space where students can develop the digital skills necessary to thrive in an increasingly technology-driven world.

“Education is the cornerstone of progress. By providing students with the necessary equipment, we are not only investing in their futures but also in the future of our society. The FBM Foundation is happy to assist these young minds in their growth process, supporting their path to lead with knowledge and compassion”, mentioned Pepe Costa, FBM Foundation’s Representative in the Philippines.

The FBM Foundation has significantly improved the school’s technology, helping to close the digital divide, and ensuring that students from the Islamic community have equal access to educational resources and opportunities. By investing in technology and infrastructure, the FBM Foundation is reinforcing ISCAG School’s mission to enhance understanding of Islam while encouraging social harmony and intercultural dialogue. The support provided by the FBM Foundation ensures that students are better prepared to become the digital leaders of tomorrow, contributing positively to society.

 

The post FBM Foundation boosts digital learning at ISCAG School in Cavite appeared first on European Gaming Industry News.

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Light & Wonder Unveils New Cross-Platform Mystery Progressive for Loto-Québec

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Innovative system to connect land-based and iGaming jackpot pools

Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries “Light & Wonder,” “L&W” or the “Company”) today announced the launch of a new L&W product feature designed to support cross-platform, wide-area, and local-area mystery progressives. This enhancement offers a white-label solution that seamlessly connects the same progressive meter across both land-based gaming machines and iGaming platforms, creating a unified experience across both gaming channels.

Loto-Québec has launched the first cross-platform mystery jackpot using L&W’s new cross-platform technology. The progressive, named SUPER CAGNOTTE, can be found on Loto-Québec’s online gaming portal, lotoquebec.com, and on COSMIC™ gaming machines across casino floors within the province. The progressive jackpot has debuted with the popular series: Rich Little Hens.

“We are excited to bring our cutting-edge cross-platform offering to Loto-Québec,” said Niaz Nejad, Managing Director, Americas – Gaming at Light & Wonder. “Cross-platform progressives represent an exciting new product feature designed to bridge the gap between land-based and online gaming platforms. Players can now engage with the same mystery progressive at the casino or on their mobile devices.”

“Loto-Québec is delighted to offer Quebec customers this exclusive new product, available both online and in our casinos. We are convinced that this addition from Light & Wonder will please our customers, who already enjoy progressive jackpots and click and mortar experiences,” added François Hardy, Senior Director, Product and Innovation at Loto-Québec.

For more information, visit lnw.com.

 

The post Light & Wonder Unveils New Cross-Platform Mystery Progressive for Loto-Québec appeared first on European Gaming Industry News.

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GLOBAL DESIGN FIRM WATG ACQUIRES ATLANTIC CITY-BASED SOSH ARCHITECTS

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The two firms are integrating to form a single entity, combining their industry-leading expertise in design for the hospitality, entertainment, and gaming sectors.

Following the strategic acquisition of SOSH by WATG, the leaders of both firms are working closely together to establish and implement strategies as a single business entity moving forward. SOSH’s office in Atlantic City, New Jersey will begin to operate as the 9th regional office in WATG’s global framework, following the recent announcement of WATG expansion into the Dallas market this fall.

Specializing in architecture and interior design for the hospitality, gaming, and entertainment sectors, WATG and SOSH share a commitment to design excellence, intertwined with a mutual dedication to optimizing operational performance, project delivery, and talent development. The two design firms have strong, positive relationships, shared values, and experience of working on complex, fast-paced projects that are delivered from initial design concepts to construction administration with unwavering professional service.

WATG and SOSH share a passionate and committed interest in the gaming and hospitality sectors and will now offer clients and collaborators a deeper bench of expertise in these sectors, precisely as the industry pivots to prioritize integrated resorts and mixed-use developments. Clients will benefit from the design innovation and high level of service that come from WATG and SOSH’s combined experience, diverse perspectives, global reach, and multidisciplinary approaches, as project teams draw on a larger field of knowledge and resources.

“This integration has been thoughtfully considered and directly supports the strategic growth of both firms,” said David Moore, Chief Executive Office of WATG. “SOSH has been recognized as a leader in gaming industry design, and WATG the leader in hospitality. As we come together, we’re excited by the opportunity to elevate our offering to our clients, helping them to differentiate, grow and succeed.”

“Our relationship goes back decades when our firms worked together on multiple projects in the Atlantic City market,” said Tom Sykes, Founding Principal of SOSH. “We’re proud to come together now and look forward to the opportunity to work as a collaborative, multidisciplinary team, sharing our expertise in the gaming industry and gaining from WATG’s elite and global presence. The process of integration will be now begin and will further strengthen the service that we can offer our clients on both existing and future projects.”

 

The post GLOBAL DESIGN FIRM WATG ACQUIRES ATLANTIC CITY-BASED SOSH ARCHITECTS appeared first on European Gaming Industry News.

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