Bostelaar steps down as CEO of BetCity

Melvin Bostelaar has resigned as CEO of Entain-owned BetCity due to health reasons and wishing to give more time to his family.

Life is filled with unexpected moments that make us stop, reflect, and re-evaluate. As some of you may know, at the end of November last year, I underwent open heart surgery due to heart failure – a life-changing experience that provided me with an opportunity to reflect on my priorities. With that, I have made the emotionally laden decision to step down from my role as CEO of BetCity. It was not an easy decision, but a necessary one, as I have decided to prioritise my health and family” Melvin Bostelaar, former CEO – Betcity

Bostelaar started to work for BetCity when it was a start up and climbed his way to the top. The company is recognised as a market leader in the industry today. He credited the remarkable dedication of his team for the success of them company and thanked them for their “passion, determination and resilience”.

Vic Walia, who is responsible for Entain’s PartyPoker and PartyCasino brands has been appointed new CEO. Wallia joined Entain in September 2021 and he has been responsible for the revenue eneration and marketing development of Entain’s PartyPorker and PartyCasino brands and businesses. Before joining Entain, Walia was CMO of Aion Bank. Prior to that he worked for Expedia Group for over 12 years. During his time at Expedia, he held various positions. These included the role of Vice President for global marketing.

Entain acquired BetCity in July 2022

Entain acquired the Dutch online sports betting and iGaming operator last year. Entain plc (LSE: ENT), is a leading global sports betting, gaming and interactive entertainment group. It took over BetEnt B.V, from Sports Entertainment Media for an initial consideration of €300 million and deferred contingent consideration of up to €550 million in July 2022.

BetCity is one of the Netherlands’ leading online sports betting and gaming operators. Headquartered in Amsterdam, BetCity received an online sports betting and gaming licence from the KSA (Kansspelautoriteit), the Dutch Gaming and Gambling Authority, in October 2021.

Entain Plc (ENT.L) is trading at GBp1,286.50 (-0.81 percent)

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