ONLINE NEWS Swintt appoints new CEO


Swintt has promoted chief commercial officer, David Mann to the role of CEO.


As a result of the promotion, outgoing CEO, David Flynn, will take a seat on the Board and now be able to operationally focus on his role as CEO of Swintt’s parent company, Glitnor Group. Mann will now be tasked with expanding the business, driving profitability and managing the software provider’s overall operations going forward.


Mann has been with Swintt since May 2019, and he previously held roles at Wazdan, Betway and William Hill.


David Mann said: “I’m thrilled to be given the opportunity to step into the leading role at a company as dynamic and forward-thinking as Swintt. Over the past couple of years, we’ve witnessed incredible growth in a number of key markets and I’m very much looking forward to being able to continue contributing to this outstanding progress in my role as CEO. “We have an exciting path ahead of us as we continue to expand our product portfolio, revamp our tech and launch into new markets around the globe, including the UK in the very near future.”


Flynn is also an iGaming veteran with over 19 years of experience in the industry. He holds a


Greentube makes C-level changes


Masters in Meteorology from the University of Reading, a Bachelor of Science in Physics from the University of Wolverhampton and has previously occupied C-Suite roles at JPJ Group plc (Ballys), NYX Gaming Group (now a part of Light & Wonder), Microgaming and OnGame AB (now a part of Entain plc).


David Flynn said: “While I’m incredibly proud of everything Swintt has achieved during my time as CEO, David’s promotion means I couldn’t be leaving the running of the company in safer hands. Over the past couple of years, David has proven he has the experience and expertise to flourish in the role while driving further growth for Swintt, and by handing over the reins, I’ll be able to fully focus my efforts on helping Glitnor Group become one of the most entrepreneurial and fastest growing business groups in the iGaming industry.”


Fantasma Games logs 396% increase in net sales in Q2


It has been a busy quarter for Fantasma Games, which saw founder Fredrik Johansson return to the role of CEO with the backing of the studio’s major shareholders.


Fantasma Games has posted another set of incredibly strong financials, with gross gaming revenue increasing a massive 314% year on year during the second quarter.


Net sales for the group, which also includes subsidiary studio, Weiner Games, came in at MSEK 7.5, up a significant 396% year on year while gaming revenue hit MSEK 6.3 during the quarter, up 314% year on year. Fantasma accounted for MSEK 5.4 of turnover and Weiner Games MSEK 2.1. A main driver of growth during the period was the increase in total gaming turnover, which jumped 120% YoY to MSEK 1,439 while gross gaming revenue leapt 269% to MSEK 84. A contributing factor to the higher gross gaming revenue compared to gaming turnover was achieving a margin of 5.9%.


These headline numbers allowed Fantasma Games to deliver EBITDA of MSEK 1.1 compared to a loss of MSEK 1 in the previous quarter and pushed the studio into profitability for the three-month period and also for the first half of the year where EBITDA came in at MSEK 0.6.


4 SEPTEMBER 2022 GIO


Fantasma Games is also taking on the US market, where it is now live with tier one operator BetMGM with popular slots Bounty Showdown and Wins of Nautilus Megaways now available to players in West Virginia, Michigan and Pennsylvania, with more state launches set for the second half of the year. The studio has also strengthened its position in core markets such as Canada and Italy, as well as the UK where it has undertaken exclusive launches with tier one operators such as Flutter Entertainment and across its Paddy Power, Sky Bet, PokerStars and Betfair brands.


Fredrik Johansson, CEO of Fantasma Games, said: “What a quarter it has been for Fantasma Games. We have driven growth across all KPIs which is a testament to the popularity and performance of our games in regulated markets around the world.


“This growth has come from continuing to deliver slots that take the experience to the next level, but also through entering new markets and signing exclusivity agreements with power players in our core jurisdictions.


“This is a fantastic start to a year that has great potential, and I and the rest of the team look forward to an equally successful six months ahead.”


Greentube has appointed Felipe Ludeña as its first chief sportsbook officer, while Georg Gubo has taken up the position as managing director at ADMIRAL Sportwetten alongside him. Ludeña, who is currently managing director for ADMIRAL Sportwetten GmbH, officially joined Greentube GmbH on August 1, taking up a seat on the company’s board as part of a strategic move to strengthen the collaboration between the two companies.


It has also been confirmed that Georg Gubo will combine his new role of managing director at ADMIRAL Sportwetten with his current position as Greentube’s COO.


The changes are designed to bolster the work of ADMIRAL and Greentube – both of which are part of the NOVOMATIC Group of companies – across various areas of online entertainment.


Felipe Ludeña, MD for ADMIRAL Sportwetten and chief sportsbook officer at Greentube, said: “With our continued strong performance in regulated markets across the world, it is a natural evolution for Greentube to fully immerse itself in the wider entertainment industry. “I am honoured to be appointed as the company’s first Chief Sportsbook Officer. While Greentube has a vast heritage in online gaming, we want to engage players across a variety of different online verticals in future months and years.” Georg Gubo, managing director of ADMIRAL Sportwetten and chief operations officer at Greentube, said: “There are clear synergies between ADMIRAL and Greentube that can help to drive growth for both parties. These new appointments will help to inform that strategy.


“On a personal note, it’s a privilege to join a company as prestigious as ADMIRAL as Managing Director and I believe the future is bright for all involved.”


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