Italy and US-focused betting operator Newgioco Group has appointed former GVC finance chief Richard Cooper as an independent director.

Cooper brings over thirty years of financial experience to the board of Newgioco, having spent nine years as group finance director at GVC Holdings until February 2017.

The former stock-broker also served as chief finance officer at Trident Gaming from 2005 to 2007, which was sold to PartyGaming (now GVC Holdings), and more recently as a non-executive director for betting operator Sportech.

"We are absolutely thrilled to have Richard join the continuously strengthening team at Newgioco at this stage in our global expansion strategy. Richard is a highly recognised industry expert and accomplished sports betting and gaming executive with broad complimentary skills and foresight,” said Newgioco chief executive Michele Ciavarella.

“His extensive gaming experience with Trident, Sportech and specifically, his nine years as group finance director at sports betting and gaming company GVC Holdings in developing financial disciplines and reporting, M&A, investor communication, and seeing the group move up from an AIM listing to a FTSE250 constituent, should certainly be of significant value to Newgioco and our shareholders.”

Cooper said of his appointment: "I have known Michele, Alessandro and other members of the management team for a couple of years now so I am delighted to be able to join the board and help guide them as they work to expand their business and to counsel them on opportunities in my capacity as a non-executive director, which sits alongside my other complimentary executive duties outside the gaming world.

“Newgioco has an enviable advantage with having integrated control over its promising technology stack, coupled with a passionate management team with solid know-how in its highly contested core market in Italy.”

Shares in Newgioco Group Inc (QBB:NWGI) closed down 3.03 per cent at $0.32 per share Wednesday.

Related