OpenBet appoints Groumoutis to Canadian commercial role

Sports betting solutions provider OpenBet has appointed Stewart Groumoutis as its new vice president of commercial for Canada.

Groumoutis will help OpenBet pursue new commercial opportunities in Canada as the business seeks to expand its presence in the country.

OpenBet already has a presence in Canada, working with regional operators the British Columbia Lottery Corporation (BCLC), Atlantic Lottery, Ontario Lottery and Gaming Corporation (OLG) and Loto-Québec.

Groumoutis joins OpenBet after an 11-year spell with the BCLC, most recently serving as its director of egaming. Prior to this, he was senior manager for ecasino and platform operations, as well as manager for casino products and player development.

Before joining the BCLC, Groumoutis was senior operations manager for Morris Mohawk Gaming Group and senior operations manager for Fiver Media.

“During my time with BCLC, I was exceedingly impressed by OpenBet’s ability to maximise operational value delivery, while also maintaining a strong focus on the future and innovation in the industry,” Groumoutis said.

“As a former operator, I understand the challenges new and existing operators face, and want to ensure that we can remain an instrumental partner in achieving and maintaining success.

“North America is in the planning or early stages of growth in most States and Provinces, and operators are looking for not just vendors but real partners to help them succeed. This has always been a strength of OpenBet’s approach, and I believe it will be one of the main reasons for our continued growth.”

OpenBet chief commercial officer Cathryn Lai added: “We are absolutely delighted to welcome Stewart to the team. He understands the culture and best practices of OpenBet, which is hugely beneficial as we look to power more sportsbooks with our unrivalled technology, content and services across North America, including Canada.

“Over the coming months, we anticipate increased commercial activity as demand for our products and services continues to grow. With the addition of Stewart, we are building an ultra-strong team full of passionate individuals that will see OpenBet maintain its position as a world leader within sports betting entertainment.”

OpenBet operated as the sports betting division of Light and Wonder, but the latter last year agreed to sell the business to global talent and media agency holding company Endeavor Group.

Author: Raymond Fleming