Yolo Group has rolled-out a significant restructuring of its core business verticals, in addition to enhancing its management structure, as the company prepares to launch an assault on its next stage of growth.
This has seen three new key verticals become introduced, with the process deemed necessary due to the “rapidly expanding ecosystem” of B2C brands, B2B products and venture capital investments.
The first of these fresh divisions is titled Yolo Entertainment, which will comprise Bitcasino, Sportsbet.io, 8.io and other joint ventures.
Yolo Platform will be supplied on a B2B basis and to internal brands, which encompasses products such as the Hub88 content aggregator, while the venture capital arm, Yolo Investments, boasting an AUM of more than €500m across gaming and fintech.
“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.
As a result of the restructure, the company has appointed Matthew D’Emanuele as CEO of Yolo Entertainment. He previously occupied a similar role at B2B software provider Eastrock Group, as well as having been Director of Operations at Gaming Innovation Group.
Furthermore, Jose Micallef ascends from Managing Director of Bombay Online to CEO of Yolo Platform, while Joe McCallum takes a seat on the company’s supervisory board.
“I’d like to congratulate Matthew, Jose and Joe on their promotions and new positions,” Pärt added.
“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.”
