OpenBet chief executive Thompson-Hill to step down

NYX Gaming Group has announced that Jeremy Thompson-Hill is to leave his role as chief executive of its OpenBet division.

Thompson-Hill has spent 16 years with OpenBet, holding a host of management positions and taking on his current role in March 2013.

Despite stepping down as chief executive, Thompson-Hill, who played a major role in the acquisition of OpenBet by NYX earlier this year will remain a close advisor to the company for at least two years.

The news comes after NYX this week published its results for the three months to September 30, a period in which it recorded year-on-year growth across key financials.

Revenue was up around 300% year-on-year to $54.4 million (€51.3 million), with the company citing the acquisitions of OpenBet, as well as Chartwell and Cryptologic, as key drivers behind the growth.

In the trading update, NYX chief executive Matt Davey also said the firm would be adopting a new operating model to secure more growth.

As part of this new strategy, NYX said it plans to centralise core business functions of finance, human resource, client management and customer services at its headquarters in London.

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