SBC News Voice of the Sports Betting Industry
Malta-based European sports betting operator Tipico Group (Tipico) has confirmed that appointment of Joachim Baca as its new CEO, effective 18 July.
Baca the former Chief Operations Officer (COO) of bwin.party Entertainment (2011-2016), replaces Jan Bolz as Tipico leader who departs the company following a five-year tenure.
Updating the market, Tipico governance stated that the company would look to expand its product offering and further strengthen its brand position under the leadership of Baca.
Baca joins Tipico, as the company is subject to a binding agreement of a €1 billion acquisition bid by private equity firm CVC Capital Partners which stakeholders expect to close in Q3 2016.
Commenting on his appointment as Tipico CEO, Joachim Baca stated
“Tipico is a remarkable success story – it has transformed itself to the German market leader within a decade of its foundation. I am greatly looking forward to working with the Tipico team and its owners to enhance the company’s existing successes and lead the company through its next chapter of growth.”
