London-listed online bingo-led operator Jackpotjoy plc has promoted Irina Cornides to the new role of CEO of the Jackpotjoy division.

Cornides has been with Intertain since 2014 following the company's acquisition of Mandalay Media, where she served as managing director. Most recently she served as chief revenue officer of Intertain Bahamas, the holding company for the operating assets belonging to Jackpotjoy plc.

She had been in that role since November 2015, responsible for harnessing synergies across the company's P&L divisions and creating strategies to drive growth.

She will now take on a new role as CEO of the company's largest division, Jackpotjoy, which has a 22 per cent share of the UK online bingo market and was acquired from Gamesys in April 2015 for £426m plus earn-out payments.

It comprises the Jackpotjoy, Starspins and Botemania gaming brands, which operate on proprietary software owned by Gamesys.

In her new role, Cornides will act as the primary point of contact and a management intermediary between the division’s parent company Jackpotjoy plc and Gamesys.

She will be tasked with maintaining the existing strong relationship between the two parties, along with helping to set the strategic direction for the Jackpotjoy division and overseeing the running of the brands after the earn-outs conclude. Cornides will report to Jackpotjoy plc CEO Andrew McIver.

"We are delighted that Irina has accepted a key role in our operating subsidiary, as she brings a wealth of experience and has demonstrated her ability to successfully grow and maintain our businesses," said McIver. "Irina has a deep understanding of the Jackpotjoy business and our relationships with Gamesys, who fully support her appointment."

Commenting on her new role, Cornides added: "I am very excited about this role. Although Jackpotjoy is already the leading bingo brand in the UK, we have big plans to further enhance player experience and grow the business. I look forward to working with the team to deliver the next phase of the Jackpotjoy vision."

Shares in Jackpotjoy plc (Co. Data) (LSE:JPJ) were trading at 586.00 pence per share in London earlier Monday, 10.88 per cent above the 52-week low of 528.50p set in March.


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