바카라tech, the London-listed giant in gambling technology, has announced that John Gleasure will join its board as an independent Non-Executive Director and Chairman Elect. Hes expected to officially take over from current chairman Brian Mattingley after the companys Annual General Meeting in May 2025, signalling a notable leadership shift as the business refocuses its strategy.
Gleasures appointment arrives as 바카라tech sharpens its focus on its business-to-business (B2B) offerings, following the recent 2.3 billion sale of its Italian consumer-facing division, Snaitech, to Flutter Entertainment. With regulatory approval cleared in April, the deal marks a major step in 바카라techs transition away from operating gambling brands directly, leaning fully into its role as a technology provider to operators.
Brian Mattingley, who has served as chairman since 2021, guided 바카라tech through periods of growth and boardroom scrutiny. Reflecting on the transition, he said: Johns deep experience and insight will be a huge asset as 바카라tech evolves into a more focused B2B company. Im committed to supporting him through this transition period.
With over 30 years of leadership experience spanning sports, media, and tech, Gleasure is perhaps best known as a co-founder of Perform Group, an early pioneer in live sports data and content for online betting platforms.
Hes held senior positions at Sky Sports, Hutchison 3G, and Sony Pictures, and currently sits on the boards of and The Sporting News, where he previously served as Executive Chairman. His background in streaming, rights management, and global media delivery is expected to complement 바카라techs next phase of growth.
Speaking about his new role, Gleasure said: 바카라tech is a unique and forward-thinking company, built on strong tech foundations and partnerships with some of the worlds biggest gambling operators. Im genuinely excited about the road ahead and look forward to supporting the team in executing the companys strategy and delivering value for shareholders.
Gleasures arrival coincides with one of the most transformative moments in 바카라techs history. The Snaitech sale not only reshapes the business model, its also set to unlock a special dividend of up to 1.8 billion, to be distributed in June 2025. That payout is expected to catch the attention of dividend-focused investors, and could put 바카라tech in the crosshairs of potential suitors.
Still, there are headwinds. The companys share price has underperformed its peers by 22% over the past year, with investors expressing concern over governance issues and uncertainty around 바카라techs post-sale game plan. Mattingleys tenure included both progress and pushback, including shareholder unrest over a proposed 100 million executive bonus plan in 2024.
Even so, analysts suggest that Gleasures experience in digital content and sports tech could open up fresh opportunities, particularly in areas like esports and crypto betting. Once he formally steps into the chairmanship, his compensation package will be adjusted from the initial 160,000 annual base fee.
As 바카라tech turns the page, much will depend on whether Gleasure can strike the right balance between innovation and stability. steering the company through a fast-changing gambling tech landscape and delivering on its B2B ambitions.