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Venture capital firm Tekkorp Capital has appointed former William Hill US CFO Mark McMillan to its advisory team as a partner.

Tekkorp Capital was founded by gaming entrepreneur Matt Davey.

McMillan brings with him 20 years of experience in corporate finance and strategy, including extensive knowledge of the gaming industry.

He previously served as an analyst and senior associate in M&A advisory at HSBC and as the CFO of William Hill’s US business.

During his time as CFO, McMillan was instrumental in guiding the company through the repeal of PASPA and positioning it as a national leader in sports betting.

The business was subsequently sold to Caesars Entertainment in 2021.

McMillan joins an illustrious team of seasoned iGaming executives, including former managing director of William Hill Online, Crispin Nieboer; US media and gaming specialist, Andy Clerkson; and ex-CCO of SG Digital, Steve Schrier.

Commenting on his appointment, McMillan said: “I’m thrilled to be joining Tekkorp Capital. As part of a multi-faceted team, I will assist my fellow partners in delivering strategic and value-additive solutions for our clients at this exciting time for the iGaming sector.

“Tekkorp has expanded rapidly, and I am excited to be a part of its development,” he added.

Chhabra promoted to CEO

In addition to McMillan’s appointment, Robin Chhabra has been promoted from president to CEO of the group, with founder Davey set to become chairman.

Chhabra commented: “We’re delighted to have added another Tekkorp Capital partner as well-respected as Mark. Collectively, our team has led many business transformations, as well as executing a number of the most significant merger and acquisition transactions in the sector.

“Our combined history as hands-on operators represents our core strength and differentiator, allowing us to solve our clients’ critical strategic issues and help them create value.”

Davey, who became president and executive chairman of BetMakers last month, added: “Tekkorp Capital has grown rapidly over the last couple of years. Robin Chhabra has done an incredible job in not only building the team but also setting the standard for M&A across the industry.

“I couldn’t be more pleased to have Mark join our world-class team.”

Tekkorp Capital’s investment portfolio includes companies such as BetMakers, PlayUp, PlayVig, Voxbet, and Low6.

The firm has also built a strong reputation in M&A, having completed over $24bn in deals to date.

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