Strategy

CashBet chief hails new recruits’ ‘experience’

2 minutes read
Trio brought in to boost advisory board for crypto-focused iGaming company

Mike Reaves, the co-founder and chief executive of CashBet, believes the three new additions to the Blockchain-powered company’s advisory board will provide essential “experience”.

Charlie Shrem, a successful crypto entrepreneur and one of the first investors to embrace Bitcoin, Matteo Monteverdi, formerly senior vice-president of global digital products at IGT, and Daniel Phillips, previously head of operations at Playtech, have come on board.

Speaking about the new appointments, Reaves told iGamingBusiness.com: “We decided to bring in Charlie, Matteo, and Dan because they are experts at what they do, and will only help our business, and that of our operator partners, to grow in the coming years.

“I think they will bring a huge amount of experience in their respective fields. Charlie needs no introduction in crypto circles and has been involved since the very early days. Matteo and Dan, on the other hand, have very impressive iGaming pedigrees having worked with some of the biggest operators and suppliers in the industry.

“We’re very lucky to have all three involved and I’ve no doubt that they will be a big help to us. It’s a very powerful trio to have on board and we can’t wait to work closely with them.”

Reaves said that CashBet will continue to focus on regulated markets, with re-regulated Sweden on the horizon.

“CashBet intends to be the defacto iGaming leader in this space, in particular into regulated markets, as our licence application in Sweden for 2019 and our pending GSC licence would suggest,” he said.

“We’re awaiting developments very keenly there and intend to launch crypto-enabled iGaming, in markets throughout the world.”

In June, the blockchain-powered gaming platform completed a $38m (£30m/€33m) initial coin offering using its CashBet Coin.

At the time, CashBet said it was the largest iGaming ICO project in history, having hit a hard cap of 142,975,000 tokens during the process.

“By using the CashBet platform and CashBet Coin, for which we launched a very successful ICO this year, they can now supply not only payments, but VIP management services, and world-class crypto-enabled games to their players worldwide,” Reaves added.

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