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Playtech-owned slots developer Quickspin has promoted Panagiotis Chryssovitsanos from chief operating officer to CEO, effective immediately.

He has replaced Quickspin co-founder Daniel Lindberg, who leaves the CEO role for the first time since founding the business in 2011. Lindberg said he will remain on Quickspin’s board of directors to support Chryssovitsanos’ transition from COO to CEO.

Chryssovitsanos joined Quickspin as chief technology officer in 2013, before the role was expanded to include COO responsibility in 2020.

Prior to Quickspin, he held several senior roles in the gaming and consulting industries. His promotion to CEO was first announced in June.

Daniel Lindberg: “Handing over to Jotis feels like a natural progression in the development of Quickspin. I’ve always said I wouldn’t leave until all the fundamental pieces for future success are in place, and that time is now.”

Outgoing CEO Lindberg said: “I’m very pleased to announce that I’m handing over the role as CEO to Panagiotis Chryssovitsanos. Having been with Quickspin for nearly a decade, and with his extensive knowledge of the company and the industry, Jotis is the perfect candidate.

“With his skills and expertise, I’m confident he’ll hit the ground running. I will stay on board for a while in a different role, to support him during his transition from COO to CEO.

“Nearly 11 years have passed since I founded Quickspin together with my friends Mats and Joachim, and I’m incredibly proud of what we’ve created over the years: the progress we’ve made in the industry, what we have achieved as a team, and the company we have become. 

“Handing over to Jotis feels like a natural progression in the development of Quickspin. I’ve always said I wouldn’t leave until all the fundamental pieces for future success are in place, and that time is now.”

Panagiotis Chryssovitsanos: “There are many opportunities out there and I will work tirelessly in pursuit of our shared strategy and vision to steer this ship into the future. I’m certain the best is yet to come.”

London-listed Playtech acquired Swedish slots specialist Quickspin for $56m back in 2016.

Chryssovitsanos added: “It’s a great honour to be given this opportunity and I’m humbled by the trust Daniel has put in me, because he’s truly been living and breathing Quickspin for 11 years now. I agree with Daniel on where we stand and what the future holds.

“Today, we’re a stronger and more knowledgeable company in every way – one that’s in control of its business and destiny.

“We have a fantastic team in place, and I’m very excited to explore what we can achieve together as a company. I’m also looking forward to work even more closely with our colleagues at Playtech, and I’m certain we will have some exciting news to share in the near future. 

“There are many opportunities out there and I will work tirelessly in pursuit of our shared strategy and vision, to steer this ship into the future. I’m certain the best is yet to come,” he added.