In a strategic make a motion to facilitate it get back on its feet inward the global online gambling market, 888 Holdings has proclaimed the designation of Per Widerstrom as its unexampled CEO. The decision comes as a section of the gaming and entertainment company’s attempts to stabilise itself followers a string up of risky news.
Widerstrom brings with him a riches of go through and expertise in the online gaming industry, having spent almost 2 decades at the forefront of some of the most successful play companies inwards the world. Most notably, he was the CEO of Fortuna Entertainment Group, an omnichannel betting and gaming operator serving Europe, from 2014 to 2022.
He has also held various positions within several other gaming companies, including as the electric current chairman of the table for Casumo and a non-executive board fellow member at Catena Media. In addition, he serves as a room member or chairman of the plank for several entities fastened to the European financial institution Nordic Capital.
Experience Counts
Widerstrom developed a passionateness for engineering and business ahead of time on. He holds a Bachelor of Science arcdegree inward Business Administration from the University of Gothenburg and a Masters inwards Accounting and Finance from the capital of the United Kingdom School of Economics and Political Science.
Widerstrom’s professional journey began with a stint at Carl Anderson Consulting, which later became Accenture. His time with the keep company was intimately before the scandal involving the strong and its accounting ties to the defunct Enron.
After that, he spent important clip with Procter & Gamble and Coca-Cola inwards executive-level roles. From there, he jumped into the telecom field.
Widerstrom entered the online gaming industry inwards 2006 when he joined Expekt, an online gaming operator come out of Malta. He explains in his LinkedIn profile that he helped the companionship three-base hit its EBITDA (earnings before interest, taxes, wear and tear and amortization) within II years.
From there, he moved to Bwin and, later, Gala Coral Group, where he continued to utilization his financial expertise to improve the companies’ operations.
The diversity of his play down was undoubtedly one of the briny reasons 888 selected him. The fellowship is going through a major upheaval, having missed several high-ranking executives this year. Among these are its former CEO, Itai Pazner, who left as the accompany was cladding accusations of money laundering.
The company, which almost skint the bank building to purchase William Hill’s non-US gaming assets finally year, hasn’t found self-coloured financial earth inwards to a greater extent than a year. That, joined with the executive exodus, led to a quasi-hostile takeover in June. In turn, the fellowship faced a license reexamine inward the UK.
Lord Mendelsohn, 888’s non-executive chair, took o'er as CEO when Pazner left. He’s at present ready to manus the companion o'er to Widerstrom, and believes the new boss testament aid the fellowship accelerate its growth.
Other Industry Moves
Elsewhere inward the gaming industry, Spectrum Gaming Group is losing Michael Pollock. He has served as the world(a) gaming consultancy’s co-managing manager for deuce decades, but testament at present turning the keep company o'er to its founder, Fredric Gushin, who will turn its chair and CEO.
At the same time, Juliann Barreto, currently Spectrum’s chief operating officer (COO), testament get hold of on additional responsibilities. The society didn’t supply specifics, only if stating that he testament hold a larger “executive role.”
Game of Silks, a digital gymnastic horse racing platform that resides inwards the metaverse, is getting a young COO. Daffo Luniewski is coming aboard, bringing with him the get he gained as the co-founder of the daily fantasy sports platform Swagger Gaming. He also spent time in executive director roles with Xpressbet and Youbet.com, according to his LinkedIn profile.
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