BULGARIA IGAMING

Bulgaria – UltraPlay appoints new leadership

Advanced betting solution provider UltraPlay has announced the appointment of a new Chief Executive Officer starting of Q1 2018. The decision was taken by the Management board jointly with Dariy Margaritov, who has successfully led the company since its foundation in 2010 as a founder and CEO. Mr. Margaritov steps down of the CEO position and will continue to provide his profound knowledge and expertise in the gambling and crypto industry as an advisor to the company.

Mr. Margaritov will focus on the development of a number of crypto-related projects as well as the implementation of the Blockchain technology in the iGaming industry. Last year, the company announced the Blockchain-based project eGold – an eSports betting cryptocurrency, and its Initial Coin Offering presale, which started on February 1st and already sold out more than half of the presale tokens during the first day of the presale. The crowd sale will be held from February 18th until March 18th.

Mario Ovcharov added: “As part of UltraPlay’s family, I have been deeply involved in most of the company’s projects and developments that are described in the industry as innovations and avant-garde solutions. UltraPlay has a deserved reputation as a leading eSports betting solutions provider and I am determined to continue the company’s growth and establish its leading positions on the core and emerging iGaming and crypto markets worldwide.”

Along with Ovcharov’s appointment as CEO, Peter Ivanov will broaden his capacities as Head of trading. In his new role, he will deal with sports and eSports betting managing the in-house team of traders and following the company’s mission to offer highest quality products, widest games coverage, and unrivaled betting data to the iGaming operators. The company has recently announced its plans to further expand its sports betting portfolio, developing new betting functionalities as well as US sports dedicated branch for all sportsbooks ready to step up on to the next level.

Peter Ivanov said: “We are in an excellent position to capitalize our growth, leadership and serve as integrity partner to the sports betting industry. We are going to do so for sure in the upcoming months by our continuous innovation and passion for delivering superb betting options.”

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