FSB Reveals Plans for 2023 and Announces New Interim CEO
FSB, the sports betting & iGaming supplier, has completed a strategic review and announced that Adam Smith has been appointed as Interim CEO and that the company will be deprioritizing its operations in the US.
The company has had a truly successful year. Not only did it win the EGR Multi-Channel Supplier of the Year award, but it also formed a number of Tier 1 partnerships in the UK, Europe and Africa. FSB will now be focusing on these regions over the coming year and working to accelerate existing company growth while making the most of new opportunities.
FSB became one of the first suppliers to receive regulatory approval in Ontario in March 2022. The company has said that it will also remain focused on that market and that two major launches are due to take place in Q1 2023.
Leading FSB into 2023 is a great honour for me. The strength of our world class technology and the talent of our people means there is a huge opportunity ahead for the organisation. I look forward to working closely with this driven, determined leadership team who I have no doubt will secure us further success in our core markets. Our end of year strategic review has allowed us to further sharpen our laser focus when it comes to delivering for existing and new partners across our core markets in 2023 and we continue to work closely with our private equity partners Clairvest and share with them a huge sense of positivity for the year ahead.
Ian Freeman, the Chief Revenue Officer at FSB, described 2022 as a “successful” year for the company across its core markets. He explained that the primary goal is to “ensure that FSB resources are aligned to support the best market conditions and the revenue opportunities for them” and that as a result, the company is deprioritizing investment in the “cost prohibitive US market” for the short to medium term.
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