B2B Betting Provider FSB Makes Adam Smith Permanent CEO
B2B provider of technology solutions to betting sites FSB Technology has announced that, following a successful temporary run as a Chief Executive Officer, Adam Smith will be promoted to the position on a permanent basis. Following the end of his interim period as a CEO, Smith will take the reins at an important time for the company which is marked by significant expansion and growth efforts.
Smith was “seconded” to the position of CEO in December 2022, having replaced another highly experienced figure in the betting and gaming industry – David McDowell. McDowell has been with FSB Technology for over 15 years and is no stranger to the technological needs of betting sites and bookmakers. and has now joined the company’s board as a Non-executive Director. Smith is also a highly experienced professional. He has worked as the Managing Director for large technology and consultancy businesses, and has a wealth of knowledge and experience in sectors such as telecoms, IT, manufacturing, and market data. He is the obvious choice of CEO, having held senior executive positions which required him to oversee and manage “large scale, complex, multi-jurisdictional regulated market delivery programmes”.
Speaking about his new position, Smith said:
“Taking full-time charge of FSB is a great thrill for me. What became clear during my three month period as Interim CEO was the opportunity that lies ahead for our organisation. […] Having taken our first assured steps in North America last month we are now well positioned to move forward boldly in 2023 with our core markets and products strategy.”
In 2023, the main area of focus for FSB Technology would be to consolidate their presence in core markets such as Africa, Canada, Europe, Ireland, and the United Kingdom. FSB betting already works with a number of UK betting sites such as Bet Goodwin, The Pools, and Fitzdares. Less than a month ago, FSB Technology took its first steps in the Canada betting and gaming market through a new partnership with Fitzdares, the provisions of which mean that Fitzdares would take advantage of FSB’s sports betting and online casino services in Ontario, and will also use the company’s back office system and technology solutions.
Discussing the future of the company, Smith pointed out several strengths that make FSB Technology stand out in comparison with other providers of similar services. These include the company’s proprietary platform technology which is already used by a number of betting sites across the world, as well as determined, motivated, and talented employees who help constantly improve FSB’s products and drive the company forward. Smith also pointed out that the company enjoys a Tier 1 partnership portfolio which consists of a number of well-known and popular betting sites.
Finally, Smith also mentioned FSB Technology’s private equity partners, Clairvest, and stated that he will be working closely with them to “accelerate the growth of our award winning company”. Clairvest is one of the leading private equity management firms and, significantly, it is based in FSB’s new market – Canada. It is experienced in helping businesses grow and develop, and while it is not exclusively involved with the betting and gaming market, Clairvest’s portfolio includes several betting sites and casinos such as Casino Delaware Park, betting terminal provider Accel Entertainment, betting and gaming provider Head Digital Works, Grey Eagle Resort & Casino, Chilean Gaming Holdings, and Meadowlands Racing & Entertainment.
Commenting on Smith’s appointment, Clairvest Managing Director Mohit Kansal said:
“We are delighted that Adam has agreed to come onboard as full-time CEO effective immediately. Adam’s commitment and impact at FSB in a short few months with the support of the senior management team has been exemplary. We look forward to working closely with him and FSB towards a bright future.”
In order to stay abreast of the competition, FSB Technology constantly works on providing better, more innovative, highly competitive products and services for betting sites. Their services span across all areas of the betting and gaming industry, including sportsbook, casino and live casino, comprehensive bespoke gaming and betting platforms and systems, payment solutions, virtual sports betting, and a lot more. The company even caters for retail bookmakers through the provision of modern self-service kiosks. One of the main areas of business for FSB Technology is their data, information, marketing, and integration products for gaming and betting sites, and the company prides itself on its unbeatable 24/7/365 customer support.
The news of Adam Smith’s appointment as FSB CEO has been received with interest across the betting and gaming industry, and experts are curious to see what he will do with the company in the following years. We will report any relevant news on our blog.