Industry News
Totalizator Sportowy and ffVC Launch VC Fund for Gaming Start-ups
Polish state-owned operator Totalizator Sportowy has partnered with American enterprise capital fund ffVC to invest in gaming start-ups.
The ffVC Tech & Gaming fund shall be used to spend money on 10-15 start-ups by the end of 2023, mainly in Poland and other Eastern European countries.
Companies are anticipated to obtain between PLN1m ($271,000) and PLN8m of their first funding, although subsequent investments could also be as excessive as PLN15m.
Olgierd Cieślik, president of the administration board of Totalizator Sportowy, stated working with promising new companies was a vital step for the way forward for the operator.
“Persevering with the technological transformation of Totalizator Sportowy requires us not solely to cooperate with the worldwide giants of the gaming market, but in addition to be open to the implementation of services and products offered by younger revolutionary corporations, together with Polish startups,” Cieślik stated.
“We hope that [this support] will deliver us all nice advantages and, above all, the opportunity of additional progress.”
John Frankel, founder and associate of ffVC, stated he was excited to increase his fund’s work to Poland.
“We’re glad that we are able to increase our enterprise and begin investing in Poland,” Frankel stated.
“We’ve got created a robust worldwide group to seek for the very best Polish corporations that, due to the assistance of ffVC and Totalizator Sportowy, have an opportunity to turn out to be leaders of their industries.
“The enterprise capital market in Poland has been creating dynamically for years and we consider that the market is getting into the section of improvement, after which Polish startups will obtain a world scale of operations.”
Frankel will handle the fund alongside three different ffVC companions: US-based Adam Plotkin and Poland-based Mariusz Adamski and Maciej Skarul.
“We wish to help the event of revolutionary and ground-breaking Polish corporations by utilizing ffVC’s relations with strategic companions akin to Totalizator Sportowy and serving to Polish corporations to increase internationally, particularly to the USA,” Adamski stated.
The fund was established underneath the Polish Growth Fund (PFR) and the Nationwide Middle for Analysis and Growth’s Company Enterprise Capital programme.
“We’re introducing a brand new CVC fund to the Polish market, centered on industries which – as we see in our different packages and initiatives – very successfully take in R&D funding, turning it into merchandise with potential for worldwide commercialisation,” Przemysław Kurczewski, deputy director of the Nationwide Middle for Analysis and Growth, stated.
Maciej Ćwikiewicz, president of PFR Ventures, added that gaming companies supply main curiosity amongst buyers and so such a fund made sense.
“Skilled recreation producers entice huge curiosity on the Warsaw Inventory Alternate, and now simply beginning research and tasks can depend on various capital,” Ćwikiewicz stated.
Industry News
CT Interactive Appoints Todor Botsev as Business Development Manager for EMEA and Asia
CT Interactive has appointed Todor Botsev as its Business Development Manager for ЕМЕА and Аsia.
With over 16 years of experience in the dynamic and rapidly evolving casino industry, Todor specialises in online and offline business operations. His career has encompassed a variety of roles and responsibilities, including managing online and offline casino operations, optimising gaming platforms and developing strategic business initiatives.
Throughout his career, Todor has gained extensive experience in the development and implementation of new gaming products for online and offline casinos, working with a diverse range of gaming platforms and systems. His expert approach to data analysis and market trends enables him to design and execute innovative strategies for customer acquisition and retention, driving sustainable growth and expanding the customer base.
Todor’s strong leadership skills allow him to effectively manage teams and projects, with a focus on operational efficiency and staff development. His leadership philosophy is built on collaboration and a commitment to delivering the highest standards of customer service.
With his deep understanding of online casino operations and strategic thinking, Todor is a valuable addition to the CT Interactive team.
The post CT Interactive Appoints Todor Botsev as Business Development Manager for EMEA and Asia appeared first on European Gaming Industry News.
Industry News
Playtech Executive Chair Brian Mattingley Set to Step Aside
The chairman of Playtech, the London-listed gambling technology group, is to step down, triggering a search for a successor with a taste for stringent corporate governance challenges.
Egon Zehnder International, the boardroom headhunter, is being appointed to handle the search for Mr Mattingley’s successor, according to a source close to the situation.
A former chairman and chief executive of 888, the London-listed gaming company now known as Evoke, Mr Mattingley was also a founding director of Gala Leisure.
At Playtech, he has overseen a frenetic period of corporate activity while also finding himself in the eye of a series of storms with shareholders over boardroom pay and wider corporate governance.
The most recent of those came in December when close to a third of investors rebelled over a €100m bonus plan for Mor Weizer, the company’s chief executive, along with other senior executives.
Shareholders give Mr Mattingley credit, however, for helping to navigate the company through a challenging period in the gambling industry, in particular his role last year in securing the sale of Snaitech, its Italian consumer gambling arm, for €2.3bn.
That represented a nearly threefold return on Playtech’s initial investment in the business, triggering total returns to shareholders of up to €1.8bn – a sum almost equivalent to all of the special dividends paid by London-listed companies in 2023.
The sale of Snaitech will transform Playtech into a pure-play business-to-business operation.
During Mr Mattingley’s three-and-a-half year tenure, shares in the company have risen by about 60%.
The post Playtech Executive Chair Brian Mattingley Set to Step Aside appeared first on European Gaming Industry News.
Industry News
CT Interactive Reflects on Successful Showcase at ICE 2025
CT Interactive is marking a resounding success following its participation in last week’s ICE 2025 trade show. As a global iGaming provider of innovative gaming solutions, the company used the event to solidify its market presence, seal new partnerships, unveil new gaming content and engage in productive discussions about its ambitious growth plans.
CT Interactive’s showcase at ICE Gaming 2025 reaffirmed its commitment to supporting its partners by expanding its portfolio of games available for their platforms. The company’s efforts to release fresh and engaging content have already been met with enthusiasm, setting the stage for stronger collaborations and greater player satisfaction.
Another highlight of the event was the company’s announcement about its impending certification for the Brazilian market. This milestone will enable CT Interactive to officially enter one of Latin America’s most dynamic and fast-growing regions.
“We’re thrilled about the opportunities Brazil offers. We have prepared a games list designed to resonate with the preferences of Brazilian players, and we’re eager to bring our portfolio to this exciting market,” Martin Ivanov, COO of CT Interactive, said.
ICE Gaming 2025 also provided an excellent platform for CT Interactive to explore growth opportunities in Eastern Europe. With its strong regulatory framework and growing appetite for online gaming, Ukraine featured prominently in the company’s discussions. CT Interactive is about to conclude a deal with a local partner, significantly boosting its presence in this emerging market.
“The Ukrainian market holds tremendous potential, and we’re keen to expand our footprint there. We are confident that our diverse portfolio of high-quality games will meet the expectations of operators and players alike,” Martin Ivanov said.
The company’s new game releases were another highlight of its ICE Gaming presence. CT Interactive’s cutting-edge titles, designed with captivating visuals and engaging gameplay, were met with widespread acclaim. These releases are expected to captivate players and drive significant revenue growth for its operator partners.
Reflecting on the event’s success, Martin Ivanov stated that CT Interactive’s participation allowed it to strengthen its relationships with partners, explore untapped opportunities and reinforce its position in the gaming industry.
“The show was an incredible opportunity to engage with our partners, showcase our innovations, and discuss strategies for mutual growth. We leave ICE Gaming 2025 energised and excited for what’s next,” Martin Ivanov added.
The post CT Interactive Reflects on Successful Showcase at ICE 2025 appeared first on European Gaming Industry News.
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