SG Digital Announces Nikos Konstakis as New VP Sportsbook
LAS VEGAS – May 18 2018 – Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) has strengthened the senior management team of SG Digital with the appointment of Nikos Konstakis as its new VP Sportsbook Product.
Konstakis will be responsible for overseeing OpenBet’s product development roadmap and delivering and enhancing its sportsbook proposition for its customers ahead of the potential legalization of the U.S. sports betting market. Konstakis has a wealth of industry experience. He was previously VP Trading at OpenBet and spent 16 years at Intralot, an Athens-based gaming company, with his last position being Group Director of Betting.
Keith O’Loughlin, SVP Sportsbook and Platforms at SG Digital, said, “Appointing Nikos to the role of VP Sportsbook Product is an important step in our strategy towards productization and developing the next generation of the OpenBet portfolio.
“His knowledge of the sports betting industry is a valuable asset for us and he is already playing a key role in our preparations for entry into the U.S. regulated market with a significantly improved proposition.”
Konstakis said, “I’m thrilled to have started my new role with SG Digital in an extremely exciting period for the company and our industry.
“We have a strong customer base, and I look forward to working closely alongside our partners, delivering them value with our world-class OpenBet sportsbook, as well as introducing innovative product enhancements to take the platform to the next level.”
SG Digital’s preparations for a legalized U.S. sports betting market are well underway, with sportsbook product review sessions already taking place with New Jersey's Division of Gaming Enforcement (DGE), should the U.S. Supreme Court decide to repeal the Professional and Amateur Sports Betting Association Act (PASPA).
OpenBet is a world leading sportsbook platform, delivering a scalable and reliable performance for industry leading operators across the globe. At the heart of its product offering is a fully managed sportsbook, combining the resilience and trusted nature of OpenBet technology in partnership with Managed Trading Services in a convenient, turnkey solution.
© 2018 Scientific Games Corporation. All Rights Reserved.
About Scientific Games
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in gaming entertainment offering the industry's broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. The company is #1 in technology-based gaming systems, digital real-money gaming and sports betting platforms, casino table games and utility products and lottery instant games, and a leading provider of games, systems and services for casino, lottery and social gaming. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit www.scientificgames.com.
Scientific Games: Michael Quartieri +1 702-532-7658
Executive Vice President and Chief Financial Officer
Scientific Games: Susan Cartwright +1 702-532-7981
VP, Corporate Communications
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," "may," and "should." These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including those factors described in our filings with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on March 1, 2018 (including under the headings "Forward Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.