The company, known for bringing next-level innovation to the worlds of gaming, fintech and blockchain, has announced three new key verticals as part of the restructure:
Yolo Entertainment, comprising B2C brands including Bitcasino, Sportsbet.io, 8.io and other joint ventures.
Yolo Platform, the Group technology layer, provided on a B2B basis and to internal brands, which encompasses products such as the Hub88 content aggregator.
Yolo Investments, the venture capital arm with an AUM of more than 500 million euros across a range of gaming and fintech investments.
“This restructure is a crucial step to ensure that our growth is managed consistently across the diverse range of brands, products and services we’ve built up over almost a decade,” said Yolo Group CEO Maarja Pärt.
As part of the restructure, Yolo Group has announced the appointment of Matthew D’Emanuele to the new position of CEO of Yolo Entertainment. D’Emanuele previously served as CEO of B2B software provider Eastrock Group and Director of Operations at Gaming Innovation Group.
Elsewhere, Jose Micallef steps up to Yolo Platform CEO from his previous role as Managing Director of Bombay Online. Meanwhile, Joe McCallum takes a seat on the Yolo Group supervisory board.
“I’d like to congratulate Matthew, Jose and Joe on their promotions and new positions. These structural changes signal a significant shift in the Yolo Group mindset, with all our business verticals becoming autonomous. With each functioning as a separate business and supporting our wider mission, we’ll be even better placed to keep our customers at the centre of the universe”, continued Pärt.
Serving millions of users worldwide, Yolo Group is committed to putting the customer at the centre of the universe via a wide range of fun, fast and fair products and services, including the pioneering bitcoin-led casino Bitcasino, the innovative sports betting site Sportsbet.io, and the leading content aggregator Hub88.
Number 26th on the 2022 EGR Power 50 list of leading global operators, the Group continues to drive crypto adoption and fintech innovation within both the iGaming and entertainment industry via its array of disruptive B2C and B2B brands.
With offices in Estonia, Malta, Argentina, Brazil, Australia, and Guernsey, the Group has rapidly expanded to more than 1,000 employees of more than 60 nationalities. The Group continues to incubate and support new brands, developing its vast, expansive ecosystem of people, products and services.
Source: GMB
