Elys details management changes amid US growth plans

Korb, who served as CFO since June 2018, becomes head of corporate affairs.

Reporting directly to Ciavarella, Korb’s responsibilities will include a range of corporate initiatives and activities related to growth and capital strategies.

“I want to thank Mark for his extraordinary contribution during a period of explosive growth for Elys, as CFO since June 2018,” Elys executive chairman Michele Ciavarella said. “Mark has a proven track record for building key relationships and leading companies through high-stakes projects and I look forward to working together with him in his new role as head of corporate affairs.”

Carlo Reali, Elys’ group financial controller since October 2020, replaces Korb on an interim basis.

He joined the business in January 2017 as finance manager with its Multigioco subsidiary after a spell as executive finance manager for Snai, a role in which he took on following its 2015 acquisition of SIS, where he had been chairman and executive financial manager since January 2001.

“Carlo has been a highly valuable team member for many years and has demonstrated strong leadership within our financial department,” Ciavarella said. 

“I am very pleased to promote from within and further leverage Carlo’s robust experience in corporate finance and strategy in the leisure betting industry as we continue to execute on our long-term vision both in Europe and North America.”

Elys also named Tory Key as its US business development project leader, with a remit to lead business development by providing outreach to potential partners, as well as overseeing sportsbook launches.

In addition, Steven Maldonado has joined as US head of product compliance, a role in which he will spearhead engagements with the Washington DC Office of Lottery and Gaming and the New Jersey Division of Gaming Enforcement to support the business’ growth plans in the US market.

“As we aim to further distinguish our products and maintain our technology edge in the US marketplace, I am also thrilled to have Tory Key and Steven Maldonado strengthen our US leadership joining Matteo Monteverdi and our USBookmaking team,” Ciavarella said.

“Both Tory and Steven are highly accomplished experts in their roles and have been instrumental in the launch of Elys’ US-facing operations and onboarding our strong and growing pipeline of US clients.”