OpenBet Names Nikos Konstakis CEO Following Management Buyout

OpenBet has promoted its president and ex-chief product officer, Nikos Konstakis, to chief executive officer, effective at the end of the year. Current CEO Jordan Levin will assume the role of chair and remain actively involved in strategy, marking a significant internal shift after the company’s $450 million management buyout completed in March.

OpenBet’s Leadership Transition: Focus on Continuity and Growth

Konstakis’ elevation to CEO is designed to maintain stability at OpenBet as it targets continued expansion in sports betting and technology. Levin, who oversaw OpenBet’s separation from Endeavor and the ensuing buyout backed by Endeavor CEO Ariel Emanuel, steps into the chair role, aiming to support long-term direction. The move comes as OpenBet integrates recent deals and consolidates its position as a major supplier to international operators.

“We have an exceptional customer base, a great team and significant opportunities ahead of us,” Konstakis said. “My focus will be on building on those strengths, bringing even greater pace and focus to the business and making sure we continue to set the standard in the markets we serve.”

Nikos Konstakis: An Industry Veteran With Deep OpenBet Ties

Nikos Konstakis rejoined OpenBet in April 2018 (then under Scientific Games ownership) as vice-president of sportsbook product and operations. His advancement has included group chief product officer at the end of 2021, chief operating officer, president in December 2025, and a term as managing director of OpenBet Hellas. This marks his second tenure at the company, following an initial 2017 appointment from Intralot as vice-president of trading.

Before OpenBet, Konstakis spent 16 years with Intralot in senior roles including director of betting, head of trading, and head of product and trading. His remit as CEO covers vision, day-to-day management, and continued product-led growth, a priority following OpenBet’s relationships with Flutter, Tabcorp, and Super Group.

OpenBet’s Ownership and Transaction Timeline

In March, OpenBet finalized a $450 million management buyout, backed by Ariel Emanuel and Jordan Levin. The company had previously been acquired by Endeavor in 2021 for $1.2 billion from Scientific Games, which rebranded to Light & Wonder and continues operating as an ASX-listed supplier. Endeavor, which controls TKO Group Holdings (owner of UFC and WWE), divested OpenBet as it shifted private under Silver Lake’s direction.

Previously, Scientific Games had acquired OpenBet in 2018 as part of its purchase of NYX Gaming Group. Scientific Games now focuses on lottery, while Light & Wonder operates land-based and online gaming. OpenBet’s internal realignment is set against these ownership changes and a drive for operational agility post-buyout.

Major Deals and Product Footprint

OpenBet supports global clients, maintaining active contracts with companies like Flutter, Tabcorp, and Super Group. In the 2026 World Cup, it processed over $3 billion across more than 175 million bets. The company also recently announced the acquisition of lottery technology supplier OmniLogic, further broadening its product offering.

This period has seen additional internal promotions, including Sam Depoortete’s advancement to chief product officer in January, following his arrival in September 2023 as vice-president of product.

Strategic Direction Under New CEO

With Konstakis at the helm, OpenBet aims to strengthen its sports betting technology, enhance its operator partnerships, and pursue selective acquisitions.

“Nikos has already been instrumental in driving the evolution of OpenBet and I have tremendous confidence in his leadership as CEO, having served in multiple and progressing senior executive positions at OpenBet,” said outgoing CEO Levin. “He knows our business, our customers and our technology inside out, and has played a central role in shaping our priorities and how we execute against them.”

The leadership transition finalises a period of change for the supplier, pairing stability in executive management with ambitions for market growth and operational efficiency. As chair, Levin will oversee OpenBet’s unfolding strategy while ensuring continuity throughout the executive handover.

OpenBet’s recent corporate activity and executive appointments position it for further deals and innovation in both regulated and emerging markets. The company’s ongoing evolution remains closely watched by operators, investors and technology vendors in b2b gaming.