Malta-based iGaming operator Casumo has recruited Francesco Postiglione as its new chief executive officer (CEO).
Postiglione arrived at the company in January 2023 from Croatian sports betting giant Hattrick-PSK, where he also held the position of CEO based in Zagreb.
He also served as a member of the executive committee at Czech operator Fortuna Entertainment Group between November 2020 and January of this year.
Casumo co-founder Oscar Simonsson said: “Francesco is the ideal candidate to take the helm at Casumo and we are confident that he will bring his wealth of experience and passion for innovation to the role.
“We are thrilled to welcome him to the Casumo Group and are certain that his expertise and leadership will take our company to new heights,” he added.
Simonsson had occupied a hands-on management role at Casumo following the departure of former CEO Shelly Suter-Hadad in April 2022.
Postiglione, who made his name in the Italian market, boasts further industry experience as the online CEO of Napoleon Sports & Casino and as MD of international markets at Betclic.
“I am thrilled to join Casumo, a company that I have long admired for its innovative and customer-centric approach to online gaming,” said Postiglione.
“I look forward to leading the team as we continue to grow and deliver the best possible gaming experience to our players,” he added.
Casumo is licensed in Malta, Sweden, Spain and the UK. The company employs more than 300 staff across offices in Malta, Barcelona and Gibraltar.
Fortuna Entertainment Group (FEG) has recruited Irish online gambling veteran Victor Corcoran as its new permanent chief executive.
Corcoran arrives at the company – which is a sports betting market leader throughout Central and Eastern Europe – after exiting Flutter Entertainment in June of this year.
Indeed, his last permanent role was as CEO of Paddy Power Online while based in Dublin, where he helped the brand earn the number three ranking for market share in the UK.
Corcoran will now take over from David Vaněk, who was placed in interim charge of FEG on 1 March 2022 following the exit of previous CEO Per Widerström, who departed for a role in private equity after leading the Czech-based gambling group for more than seven years.
Vaněk will now continue in the position of CEO for the Czech Republic after handing over the baton and will also remain in his current role as chairman of the board of directors.
Corcoran also boasts extensive experience in the investment sector. He was fund manager of the Ireland Smart Tech Fund between 2017 and 2018 and is also a director at IFP Investments Limited, which makes active investments in UK and Irish SMEs.
“Firstly, a massive thank you to everyone for the warm welcome but particularly to David Vaněk for his extensive help getting up to speed with the business,” said Corcoran.
“I have really enjoyed listening and learning about the FEG business over the last few weeks. I am truly excited about working with you all in such an opportunity-rich environment,” he added.
Corcoran, who is the brother of former Paddy Power Betfair CEO Breon Corcoran, officially took charge of FEG on 13 September 2022.
FEG is a domestic giant in the Czech Republic but has also expanded operations into Slovakia, Poland, Romania and Croatia.
The firm employs more than 6,000 staff globally and uses its vast retail network to cross-sell customers into the online side of the business. It thrives as an omni-channel operator.
FEG has been privately owned since 2018. The company is understood to generate annual EBITDA in the range of €150m.
Per Widerström will leave Fortuna Entertainment Group on 28 February 2022 after more than seven years in charge of the privately owned European gambling operator.
iGaming NEXT understands Widerström is departing the gambling sector for new career opportunities within the private equity industry.
The Swede is an experienced corporate finance and business executive who entered the gambling world back in 2006 as the CEO and director of sports betting brand Expekt, which was recently brought back to life by Stockholm-listed LeoVegas.
He then occupied several C-level roles at bwin.party and Gala Coral Group, before joining Fortuna as CEO and chairman of the management board in November 2014.
He has also sat on the board of Malta-based affiliate Catena Media since May 2019.
Widerström will be replaced on an interim basis by David Vaněk, who has served as chief executive of the firm’s Czech business since January 2016.
“Seven years is indeed a long time and there are so many people I would like to thank for having been with me and FEG during this journey, be it our customers, business partners or other stakeholders,” said Widerström in an update on LinkedIn.
Fortuna is a leading omni-channel operator in Central and Eastern Europe (CEE), with a strong presence in Poland, Romania, Croatia, Czech Republic and Slovakia.
Fortuna was a public company on the Prague Stock Exchange until it delisted in May 2018 and also exited the Warsaw Stock Exchange.
Since then, it has been privately and wholly owned by Fortbet Holdings, a subsidiary of CEE-focused investment group Penta Investments, which was founded in Slovakia in 1994.
“In particular, I would like to thank all the fantastic employees who have made FEG into the great company it is today as well as to thank Penta Investments for their great support and collaboration,” added Widerström.
“Leaving FEG at this time feels right, in particular knowing that the company is well poised for further growth as well as being in very good hands with David and the rest of the executive team.”
Widerström spent nearly four years with the Nordic and Baltic division of Coca-Cola in the nineties, working in sales, business development and marketing for the company.