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Smarkets announces strengthened executive team


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Smarkets, one of the world’s largest betting exchange and prediction market platforms, has this morning announced a strengthened executive team.

Robin Harrison, a former engineering team lead at the company, has re-joined the company as Chief Technology Officer after a year in the role of Head of Engineering at Asto, a fintech startup backed by global bank Santander.

Meanwhile, Tom Hardman and Céline Crawford have been promoted to Chief Operations Officer and Chief Communications Officer respectively.

Hardman, who formerly held the title of Head of Business Operations, is one of Smarkets’s longest-serving employees having joined in 2010 after graduating from Oxford University. During his time at the company, he has overseen many areas including finance, legal and customer support.

Crawford has been with Smarkets since 2015 after working in the banking and communication sectors for over a decade at companies including finnCap and Commerzbank.

Smarkets have also hired Chris Baldacchino as Chief Compliance Officer. He joins after holding the same position at Hero Gaming, having previously been COO at the Malta-based firm.

The quartet join CEO and Founder Jason Trost on the company’s executive team.

Trost said: “I’m delighted to welcome Robin and Chris to the company, as well as adding two of our most dedicated employees, Céline and Tom, to the executive team.

“Robin, having been a team lead at Smarkets previously, is well-placed to develop and advance our class-leading product further, while Chris’s industry expertise will be invaluable as we look to expand to new territories, such as the emerging US market and other European countries.

“Both Céline and Tom are integral employees who have been with the company for many years and fully deserve their promotions, having played a big part in our recent success.”

The C-suite announcement comes shortly after Smarkets revealed that it had over £150m of trading volume on its exchange during the recent Cheltenham Festival, with all-time records broken for concurrent users on both the company’s web and app platforms. Read more at smrkts.co/chelt19

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Dallmeier Shortlisted for the European Casino Awards 2023

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Dallmeier, an expert in video technology for casinos, has been shortlisted in two categories for the upcoming European Casino Awards 2023, its Panomera W8 360° cameras as “Best new innovative product” and Casino Automation Technology CAT as “Best table gaming product”.

The Panomera W8 is a 360° camera with 4K resolution ensuring complete 360° coverage without a “blind spot” below the camera. Six sensors are arranged in a circle, a seventh sensor covers the overall scene and an eighth sensor captures the blind spot below the camera. From these eight images, the software then stitches a complete image of the half-sphere around the camera location that has been captured without gaps. Within this overview image, multiple operators can open any number of detail areas with a mouse-click and zoom in and move around in these areas as if it was a PTZ cam.

Casino operators who use such systems report that they regularly reduce the time needed from the detection of an incident to the resolution – e.g., by catching an offender – by a factor of up to 10 or more.

Furthermore, the overall costs for monitoring the gaming floor are reduced. Although the costs per camera are higher than a PTZ system, far fewer cameras need to be installed. The resulting savings in installation, infrastructure, and maintenance as well as in operation itself outweigh the additional costs for the cameras themselves.

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Gaming Innovation Group: Share issue

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Reference is made to the announcement from Gaming Innovation Group Inc. (GiG) on 15 December 2022 regarding the acquisition of casino affiliate websites Askgamblers.com, Johnslots.com, Newcasinos.com and several smaller domains from Catena Media Plc.

As stated in the announcement, GiG will finance part of the initial consideration through a share issue and the Board of Directors has approved commitments of EUR 10.2 million from a group of investors to finance the equity part of the acquisition. Pursuant to agreed terms, the share price has been set to NOK 25.61, which represent a discount of 2.6% from the volume-weighted average share price for the GiG share so far in 2023.

4,267,112 new shares will be issued, and the number of outstanding shares will increase by 3.5%, from 122,786,526 to 127,053,638. The new shares are expected to be issued and admitted to trading next week and will be issued under the Company’s 150,000,000 authorized shares.

Closing of the acquisition is expected by end of January 2023.

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Euromat Adds Spain to its Growing Membership

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The European federation of gaming machine trade associations, Euromat, has added Spain to its membership.

The organisation has welcomed the Club de Convergentes as its 14th country member. Novomatic, Merkur, Zitro, Aristocrat and Bally Wulff are among the Club de Convergentes’ members.

Euromat now covers 11 countries and has nine corporate members. Last year it added Serbia and three new corporates into its membership.

Bernhard Teuchmann, president of the Club de Convergentes, said: “Joining Euromat and collaborating more closely with our colleagues across Europe reflects our desire to continue to grow our sector responsibly and ensure that we have the best possible offer for our customers.

“We want to play our role in helping to raise the standards for our industry across Europe and learn from the experience of others.”

Euromat president Jason Frost said: “Having the Club de Convergentes in Euromat is a vote of confidence in our association and its capacity to benefit its members.

“The Club de Convergentes shares our belief that our industry is stronger when working together to share knowledge and expertise, while always making the case with policymakers for a better business environment.”

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