Online Gaming Provider Playtech Shakes up Board of Directors

Online gaming provider Playtech has announced significant changes to its board structure to enhance governance and streamline oversight functions within the company.

New Board Structure Overview

This reorganization includes:

• Partial merger of the Audit Committee with the Risk and Compliance Committee to form a new entity.

• Creation of a separate Regulatory and Compliance Committee focused solely on compliance matters.

• Aimed improvements in efficiency and corporate governance.

Formation of the Audit and Risk Committee

Key details of the newly established Audit and Risk Committee:

• Chair: Ian Penrose, senior independent director since 2018, bringing over 25 years of experience in gaming and technology sectors.

• Members: Samy Reeb and Linda Marston-Weston, both non-executive directors.

• The reorganization takes effect on June 1, ensuring a smooth transition.

• No other committees within Playtech will be affected.

Creation of the Regulatory and Compliance Committee

The newly formed Regulatory and Compliance Committee will focus on regulatory oversight:

• Chair: Samy Reeb.

• Members: Ian Penrose and Anna Massion.

• Responsible for ensuring adherence to gaming and financial trading regulations.

Trading Update for Early 2024

Playtech reported a solid performance across both B2B and B2C segments:

• B2C: Strong performance of Snaitech in Italy, with growth in both online and retail betting.

• B2B: Revenue growth in regulated markets like the US and Canada.

• Continued focus on cost control and live gaming expansion driving profitability.

These structural changes reflect Playtech’s commitment to stronger governance, compliance, and sustainable growth in the global gaming industry.