03 March 2021

Playtech appoints Brian Mattingley as inbound chairman


Playtech Plc has announced Brian Mattingley as its new company chairman, bringing its near two year search for a successor to Alan Jackson to a close. 

Mattingley, who is in the final days of his 15 year tenure as Executive Chairman of 888 Holdings, has agreed to join FTSE250 Playtech.

Mattingley is due to leave 888 this May, having announced his resignation last September, with the FTSE online gambling group swiftly appointing former New Labour advisor Lord Jonathan Mendelsohn as the designated company chairman.

“I’m very pleased to be joining Playtech, at such an exciting time in the Company’s development,” Mattingley commented. “Playtech is ideally placed to continue to build on its market leadership position and I look forward to working with everyone at Playtech to drive forward its strategy and capitalise on the opportunities ahead.” 

Playtech investors had publicly expressed their frustrations over the technology group being unable to fulfil its ‘succession duties’.

Following the official departure of Jackson last May, Playtech installed non-executive director Claire Milne as Interim Chair – with Playtech’s board announcing that it had suspended its executive search due to the ’significant limitations and restrictions’ of the COVID-19 pandemic.

The appointment of Mattingley will soothe Playtech investor nerves, who had called for the company to hire an industry experienced executive to lead its board and the firm’s strategic turnaround.

Top of the agenda, Mattingley will have to heal deep shareholder rifts following three years of underperformance in which Playtech has seen its FTSE valuation halved.

During 2020 trading, Playtech disposed of its non-gaming assets YoYo Games and financial services unit Finalto as part of its strategy to refocus the business solely on gambling – plotting its return to the FTSE100 index.

OTHER NEWS

The UK government has announced an official independent review into the collapse of Football Index, which will further include an assessment of the UK...
Genius Sports will begin trading on the New York Stock Exchange (NYSE) as of tomorrow morning, Wednesday 21 April (ticker – GENI), having completed ...
Branschföreningen för Onlinespel (BOS), Sweden’s online gambling trade association, has reiterated its concerns on competition and fair market sta...
Deirdre Bigley, the Chief Marketing Officer of Bloomberg, has been appointed to the Sportradar Holding AG Board of Directors.Her appointment to the bo...
Sportium, the sports betting unit of Grupo Cirsa, has reached an agreement with Spanish news publisher Unidad Editorial SA to take control of the Marc...
 Acroud AB, has entered into an agreement to acquire 100 percent of the shares in Swedishsantas AB also known as TheGamblingCabin (“TheGamblingCabi...
SoftSwiss has made its first foray into the Indian market after agreeing to supply its sportsbook solution to Betjungle.Through the partnership, SoftS...
Entain Plc has stated confidence in achieving its 2021 growth objectives, despite COVID-19 restrictions hampering the performance of its Ladbrokes Cor...
Genius Sports has been designated as the exclusive international streaming and data partner for betting to Japan’s B.League – the governing body f...
Statscore has announced that its agreement with the Polish Volleyball Federation (PVF) has been extended, maintaining its position as the official spo...
Swedish international footballer Zlatan Ibrahimovic could face a three-year ban from the sport due to his ongoing partnership with Malta-based operato...
Begbies Traynor, the insolvency practitioner of Football Index operator BetIndex, has begun to process customer claims against the company, which offi...