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Maria Karlsson has been appointed Chief Executive Officer at online gambling operator Bet24 after a fast rise from management trainee in 2004 at owners Modern Times Group AB. She replaces Lotta Lindquist-Brosjö who is leaving the company to pursue other business interests after two years as CEO.
Karlsson is well versed in her post, having been appointed deputy CEO in January this (2008) year. She has worked within Bet24 in various positions, including Chief Financial Officer in 2006.
During MTG's ownership Bet24 has undergone rapid development, becoming profitable in 2007 with sales of SEK 386 million, gross profit of SEK 122 million and operating profit of SEK 10 million. During 2008 the business has reported healthy sales growth of 29 percent for the first nine months ending 30 September, together with a similar impressive rise in gross profit.
Announcing the appointment, Jørgen Madsen, Chairman of the Board of Bet24, said: "Maria has an extensive knowledge of the business as she has been both CFO and Deputy CEO. In her roles she has also been very much involved in the transformation of Bet24 during the past years and she will be able to take us to the next level.
Madsen paid tribute to Karlsson's predecessor, saying: "A lot of changes have happened within Bet24 since Lotta joined; including both re-focusing and re-organisation. With Lotta as CEO Bet24 has become a profitable growth company. With the turn-around completed, we have now decided to go our separate ways. I thank her for her strong commitment and hard work."
Bet24 was founded in 2001 and was acquired by MTB in 2005. The company has active clients in more than 70 countries and offers gaming entertainment including exciting odds on international as well as local sports events, Casino, Poker, Bingo and Lotto betting in 15 different languages.
B3W's white label poker growing -
02/03/2012 : Online poker software developer B3W's venture into the white label poker market with an all-inclusive product has paid dividends, according to the company, which this week reported that in six months four fully integrated poker rooms had been signed up for its Poker Pack Network.
Betfair public affairs manager speaks out for regulated online gambling -
02/03/2012 : Tom Tuxworth, public affairs manager for the listed British online betting group Betfair, told a South African parliamentary portfolio committee studying the possible legalisation of online gambling that prohibition only drives would-be internet punters to offshore and unregulated websites.
Suzan Smith, problem gambler blows 400k of bosses money -
02/03/2012 : A compulsive online gambler who stole almost GBP 400 000 from her employer was sent to jail in Norfolk, UK this week after a judge criticised her for stealing not only the money but a part of a decent man's life.
NEW IPAD APP FROM BETFAIR -
02/03/2012 : Betfair plc launched its next generation iPad App into the Apple store Friday, announcing that the bespoke native application is a marked enhancement from previous products and is the first to come out of Betfair’s development office in San Francisco
Boxing behind Betfair's latest sponsorship -
02/03/2012 : Betfair is the newest title sponsor of the Matchroom Sport Prizefighter series in a partnership deal that will deliver the online betting exchange branding rights across the ring and provide its customers with expert analysis and in-depth fighter interviews.
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