New Blockchain And Gambling Venture to be Established

SBTech’s Senior VP for Business Development Tom Light leaves solutions provider to establish new blockchain and gambling venture
19 March 2018   517

SBTech is a global leader in omni-channel sports betting and gaming, with over 1,000 employees in 11 locations worldwide. Since 2007, SBTech has developed the industry’s most powerful online sports betting and casino platform, serving more than 50 licensees in over 20 regulated markets.

Sbtech
SBTech

SBTech’s clients include many of the world’s premier betting and gaming operators, state lotteries, land-based casino and horse racing companies, and igaming start-ups. The group supplies superbly flexible betting and gaming solutions to clients looking for speed to market and exceptional configurability, supported by the best business intelligence and reporting capabilities.

Tom Light, Senior Vice-President of Business Development at SBTech, is to leave the group to establish a new business venture that will unite blockchain and gambling and leverage the power of the crypto-currency in a gaming and betting environment.

Tom Light joined SBTech in 2014 to lead its business development and commercial efforts and initiated the massive growth curve the group has experienced since. He has been responsible for signing many of SBTech’s defining partnerships and will continue to retain the full support of the company in future projects.

Tom Light
Tom Light

I have really enjoyed working at SBTech and seeing the group grow to become the leading sports betting and gaming solutions provider to the sector. The new project I will be heading is particularly exciting as it combines two great passions of mine: blockchain and gambling. It will leverage the power of crypto-currencies within an igaming setting and produce a truly disruptive offer for the sector.
 

Tom Light

Senior Vice-President of Business Development, SBTech

Tom Light recently discussed the possibilities of blockchain within gambling at the iGaming Asia Congress in Macau in the company of Mikhail Bogdanov, CEO of Firelotto and Tony Tong, Crypto Angel Investor at DRC – Drchain.io.

SBTech is particularly grateful to Tom for his incredible work over the past four years, which has enabled us to experience massive growth and has put SBTech in prime position to capitalise on future opportunities in the online and land-based gaming and betting sector worldwide. He retains the full support of SBTech and we look forward to his new project, which we believe will be as successful as the past four years he has had with SBTech.
 

Richard Carter

CEO, SBTech

The SBTech offering includes its Seamless Sportsbook, the Chameleon360 iGaming Platform, Managed Services, and retail and omni-channel solutions that provide players with constant access to sports and casino products across all touchpoints: online, mobile and retail.  

Backed up by unrivalled expertise in trading and risk management, regulatory compliance, AML and KYC procedures, acquisition and CRM, SBTech’s partners consistently achieve rapid growth, enhanced brand loyalty and peak profitability.

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   197

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.