Yolo Group has undergone a restructuring process, adjusting its business verticals and modifying its management team in preparation for its next developmental phase. The company, which operates within gaming, fintech, and blockchain sectors, has formulated three new business verticals as part of the reorganization. These are Yolo Entertainment, Yolo Platform, and Yolo Investments.
Yolo Entertainment includes B2C brands such as Bitcasino, Sportsbet.io, 8.io, and other cooperative ventures. On the other hand, Yolo Platform acts as the technological base for the group, serving both B2B and internal brands with products, one example being the Hub88 content aggregator. Yolo Investments, the venture capital sector of the group, manages over 500 million euros across varied gaming and fintech investments.
Concurrently, several changes have been implemented in the senior management positions. Matthew D’Emanuele has been appointed CEO of Yolo Entertainment. His past roles include CEO of Eastrock Group and Director of Operations at Gaming Innovation Group. In a similar vein, Jose Micallef has been promoted to the position of Yolo Platform CEO, a step up from his prior role as Managing Director of Bombay Online. Additionally, Joe McCallum has been named a member of the Yolo Group supervisory board.
The restructuring and new appointments aim to navigate the company through its forthcoming phase, with a focus on its B2C brands, B2B products, and venture capital investments in the igaming sphere. This strategic realignment and clear definition of its various verticals underscore Yolo Group’s adherence to fostering steady growth and development across its diverse investment areas in the igaming industry, without particular emphasis on enhancing its brand image.
“This restructure is a crucial step to ensure that our growth is managed consistently across the diverse range of brands, products and services we’ve built up over almost a decade,” said Yolo Group CEO Maarja Pärt.
“I’d like to congratulate Matthew, Jose and Joe on their promotions and new positions,” continued Pärt. “These structural changes signal a significant shift in the Yolo Group mindset, with all our business verticals becoming autonomous. With each functioning as a separate business and supporting our wider mission, we’ll be even better placed to keep our customers at the centre of the universe.”
