White label and gaming platform provider FSB Technology has announced the appointment of Andrew Bowen, formerly of Ladbrokes and Scientific Games, as its new chief financial officer.
Bowen joins FSG after a spell as consultant CFO at human performance business EDGE10 Group, prior to which he served as finance chief for mobile gaming specialist InTouch Games.
Earlier in his career, he was finance director at TelcoSwitch, Environmental Fuel Systems and gambling crowdfunding platform GamCrowd, and also held the same role for Ladbrokes' igaming division.
In addition, he spent almost six years with Scientific Games, serving as finance director for its Global Draw subsidiary, as well as well as group finance director for its SG Gaming arm and commercial finance director for SG Gaming.
“FSB has cut its teeth in the UK’s ultra-competitive sports betting domain, raising the tech bar with numerous tier-one platform awards, despite being a smaller company,” Bowen said of his new employer. “That really grabbed my attention.
“Specifically, the team’s combined ability to leverage leading software infrastructure as a progressive business model for the modern gaming era, while also managing to invest in front end and the next generation of retail products, spoke to my experience and enthusiasms for the future of the sector.”
FSB chief executive David McDowell added: “We’re thrilled that Andy is joining the FSB team. His industry experience and contacts are second to none. We feel sure he’ll be a true asset to both FSB and all our clients, as we look to grow beyond our initial domestic horizons.”
In August, it was revealed that FSB was the subject of a GB Gambling Commission licence review, as a result of regulatory concerns. The regulator said the review was launched under Section 116 of the Gambling Act, which gives it the power to launch an inquiry if it suspects that licence conditions are or have been breached.
FSB said it intended to cooperate fully with the review, adding that it related to issues with a minority of its white label partners. Throughout the process there has been no indication of any wrongdoing by the supplier, which secured £23m in funding from Canadian venture capital fund Clairvest Group in July this year.