OpenBet appoints Nikos Konstakis as new CEO in internal transition

OpenBet has appointed its president, Nikos Konstakis, as the new CEO effective at the end of 2026. This move responds to a leadership structure that sees Jordan Levin, the current CEO, transitioning to the position of chairman while maintaining an active role in the company's long-term strategy. The restructuring follows the recent management buyout valued at $450 million backed by Endeavor and the acquisition of OmniLogic, as OpenBet aims to consolidate its position among the leading providers in the sector.

Konstakis: Career and Strategic Role at OpenBet

Nikos Konstakis has a long-standing experience both inside and outside of OpenBet. He returned to the company in April 2018, when it was still part of Scientific Games, as vice president of product and sports betting operations. He subsequently rose to chief product officer (CPO) in 2021, and shortly after assumed the role of COO, adding regional experience as general manager of OpenBet Hellas in Greece. He was appointed president of OpenBet in December 2025, leading strategic relationships with clients such as Flutter, Tabcorp, and Super Group.

Konstakis’s relationship with OpenBet is deep; before his return, he worked as vice president of trading after a 16-year career at Intralot, where he held roles in product, trading, and betting. Now, as he takes over the executive leadership, he will oversee vision, strategy, and daily operations, with a focus on growth and product.

“We have an exceptional customer base, a great team, and significant opportunities ahead,” commented Konstakis, highlighting his commitment to continuity and strengthening the company’s position. “I will work alongside Jordan in his new role and with our teams worldwide as we drive OpenBet forward.”

Leadership Changes and Recent Buyout

The leadership transition comes shortly after OpenBet completed a management buyout valued at $450 million, backed by Ariel Emanuel, CEO of Endeavor, and Levin himself. This operation followed Endeavor's sale of OpenBet in 2021 to a consortium led by Silver Lake, which brought the company to its current private structure. Endeavor, besides its involvement in sports events through TKO Group Holdings — owner of UFC and WWE — retained significant influence on the board following the operation.

The corporate background of OpenBet is complex. Previously, Scientific Games had acquired OpenBet in 2018 after acquiring NYX Gaming Group. Since then, Scientific Games has focused on lotteries, while Light & Wonder, listed on the ASX, concentrated its offerings on online and physical gaming.

Recent Performance and Strategic Acquisitions of OpenBet

During the 2026 FIFA World Cup, OpenBet processed over $3 billion in bets through 175 million transactions, confirming its weight in the industry. Recently, the firm announced the acquisition — for an undisclosed amount — of OmniLogic, specialized in lottery technology, which reinforces OpenBet's expansion strategy into new verticals and markets adjacent to its core sports betting.

Regarding product strategy, the company elevated Sam Depoortete to CPO in January, following his arrival as vice president of product in September 2023. This reorganization strengthens the focus on innovation and portfolio robustness for global clients.

Focus and Priorities Under OpenBet's New Leadership

Jordan Levin, who will remain involved as chairman, emphasized Konstakis's fundamental role in the company’s recent transformation:

“Nikos has been key to OpenBet’s evolution and I have full confidence in his leadership after having held various executive positions,” Levin noted, highlighting his deep knowledge of technology and client market.

The combination of internal renovations and strategic acquisitions positions OpenBet strongly to enhance its presence in regulated markets and continue innovating in the verticals of casino, sports betting, and lottery technology.

The leadership structure and recent movements validate the company's commitment to boost growth within the most demanding regulatory frameworks and with top-tier partnerships.