Inspired Entertainment, one of the world’s most prominent business-to-business iGaming providers, has announced the appointment of a new interim Chief Financial Officer: Marilyn Jentzen.

The appointment comes following the departure of Stewart Baker, who had served within the company for seven years as Financial Controller and Director of Finance. Baker resigned on December 20, 2023, but will continue to work with the company in order to facilitate a smooth transition to the new leadership.

Marilyn Jentzen is a very experienced executive, with over three decades spent working in financial services and accounting. The new Chief Financial Officer was described in a company statement as “an accounting expert, strong leader, and strategic thinker.”

The new Chief Financial Officer is in charge of leading the company’s financial policies and her responsibilities include overseeing the group’s accounting functions. Moreover, Marilyn Jentzen will have to ensure fiscal compliance within the company.

Marilyn Jentzen has previously served as the Chief Executive Officer of Innovative Impact Consulting, a business that she founded herself back in 2015. Before her entrepreneurial attempt, the executive was Senior Vice President of Finance at IGT in Las Vegas, Nevada from June 2014. Before that, Jentzen had a successful four-year tenure at Thomson Reuters.

Pleased and Fortunate

Speaking about the appointment, Brooks Pierce, President and Chief Executive Officer of Inspired Entertainment, declared that the company was “pleased and fortunate” to add “a leader of Marilyn’s caliber step into the role of interim CFO.”

The Chief Executive Officer underlined that Marilyn Jentzen has an approach that is both strategic and results-oriented and also boasts a track record of successful tenures in publicly listed companies.

The Board of Directors of Inspired Entertainment has also begun a search process to identify a permanent Chief Financial Officer for the company. The group has made a contract with a search firm that is in charge of evaluating candidates of the role.

Both the appointment of the interim CFO and the search for a permanent replacement underline the company’s commitment to maintaining financial stability while pursuing continued growth within the very competitive field of the iGaming industry.

Inspired Entertainment currently offers content, technology, hardware and services for iGaming, betting, lottery, social and leisure operators across both retail and mobile channels. The company operates in over 35 jurisdictions all around the world, supplying casino https://www.casinonewsdaily.com/online-casinos/ games for over 170 websites.

Source: “Inspired Announces CFO Transition“. Inspired Entertainment. December 26, 2023.

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Sports betting and casino platform provider, Digitain, continued its frenzy of new appointments and promotions with the appointment of Martin Martirosyan as its new deputy chief executive officer.

Experience to Support Further Growth

The addition of Martirosyan to the senior leadership team of Digitain brings a wealth of financial industry experience to the company gained across various positions in corporate business, products and risk management for HSBC.

Digitain founder Vardes Vardanyan commented on the news, outlining that Martirosyan, brings “that wealth of experience” needed by the group of companies as the business “continues to grow globally strategically across several multiple regulated markets” and the company continues to expand its roster of B2B partnerships.

Martirosyan, who holds a Ph.D. in economics, has spent most of his professional career working at HSBC, with his most recent role as the director of corporate banking and head of wholesale banking at the bank’s subsidiary in Armenia, HSBC Bank Armenia CJSC.

His other roles at HSBC include serving for a year between October 2015 and October 2016 as the senior business risk and control manager of global commercial banking, as well as the head of wholesale credit and market risk, deputy chief risk officer and deputy head of commercial banking, among others.

Also commenting on his appointment, Martirosyan expressed how “honored” he feels to be able “to join the Digitain Group” during times when the business experiences rapid expansion of its operations across “continental Europe, the UK and beyond.”

“The business is an example of a great organization, people, and culture, and technology delivery which has been recognized with multiple international and local industry and business awards,” he said, looking forward “to being part of this next period of Digitain’s growth story over the coming months and years ahead.”

Martirosyan, who has also given lectures at the State Engineering University of Armenia, is the latest piece added to the new-look personnel puzzle at Digitain, following the opening of the group’s new office in Romania at the beginning of the year.

First, Digitain promoted its chief business officer, Simon Westbury, to the role of chief executive officer at its subsidiary, Sport Generate, and tasked him with leveraging his more than 20 years of iGaming experience to foster growth and boost brand recognition.

In February, Digitain continued the managerial reshuffle by appointing Iain Hutchison as a chief revenue officer and charging him with responsibilities to spearhead the group’s revenue growth strategy and support efforts to expand the group’s global presence in the iGaming space.

Most recently, Digitain promoted its chief technology officer, Grigor Asoyan, to group deputy CEO of technology.

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Global developer of lottery, betting and gaming products, Scientific Games, announced today the appointment of Nick Negro as the company’s new Chief Financial Officer (CFO).

The appointment of highly-accomplished senior financial management executive Negro to the role of CFO puts an end to the extensive nationwide search initiated by Scientific Games after the retirement of long-serving former CFO James Bunitsky.

Bunitsky, who joined the company in 1981, played an instrumental role in the financial transformation of the business over four decades, as well as the sale of its lottery business, Scientific Lottery Games, to Brookfield Business Partners in April 2022.

Sound Financial Management Is Key

Grateful for the “outstanding financial leadership” displayed by Bunitsky and excited to announce the addition of Negro to the executive leadership team of the company, Pat McHugh, chief executive officer of Scientific Games, outlined the credentials of the company’s new CFO.

“He has a thorough understanding of the complexity of international operations in a service-based business and broad knowledge of corporate structure, compliance and strategy,” McHugh said, looking forward to writing Scientific Games’ “next chapter of sound financial management” under the guidance of Negro.

A results-driven financial professional, Negro is bringing over 20 years of progressive financial, strategic, and operational management and leadership experience to the company, gained at global organizations across technology, logistics and manufacturing. He will be based at the company’s global headquarters in metro Atlanta.

Holder of an MBA in Accounting and Finance from DePaul University and BS in Finance from the University of Illinois, Negro was highly successful in developing and executing financial strategies at companies such as Honeywell, Dover Corporation and Navistar, where he held positions as CFO.

Corporate Governance, Compliance, Innovation

Commenting further on the appointment, McHugh stressed the importance of the corporate governance and compliance functions, playing a vital role in helping Scientific Games’ objective of earning long-term contracts with state and government-regulated lotteries worldwide.

He also reaffirmed the company’s stance to continue innovating its games, products and services while continuing to set the global lottery industry’s gold standard for achieving and sustaining growth while maximizing gains for its customers and shareholders.

For five decades, Scientific Games has been providing games, technology, analytics and services to lotteries globally, and is currently boasting a portfolio of 130 customers in 50 countries. It also achieved numerous global certifications in corporate governance, quality, security, environmental and responsible gaming standards.

Among the latest development was the announcement of the launch of the company’s new instant games printing technology which is expected to become central in the lottery product supplier’s expansion plans in the vertical.

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