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In his new role, Konstakis will be responsible not only for OpenBet’s strategy, but also for its day-to-day business, growth initiatives, and tech priorities. At the same time, he will be tasked with “raising the bar” in how OpenBet serves its clients.

OpenBet emphasized that this change comes at a strong moment for the company and follows its incredibly successful delivery for customers through the World Cup. Throughout the tournament, OpenBet processed 175 million bets totaling $3 billion.

CEO Levin, who is set to transition to a chair role, commented on the shift, saying that he was very confident that Konstakis has what it takes to be CEO and drive OpenBet to new heights.

About Chess - Classic Chess Offline 4.7 star

According to Multiples.VC, the average enterprise multiple (EV/EBITDA) of top US-listed gaming companies is currently 10x. Data from New York University last updated in January pegged the overall market average at 23.9x and 19.7x among EBITDA-positive firms, suggesting the sector is undervalued relative to other industries. In a report released Monday, Fitch Ratings said most North American gaming companies hold “Stable” outlooks with “adequate rating headroom” despite consumer headwinds.

Macquarie’s Beynon agrees with that sentiment, pointing to the relative stability of gaming companies through tough economic stretches such as the Covid-19 pandemic. Bankruptcies in the sector have been low relative to the broader market, he notes, and both land-based and digital companies have reason for optimism moving forward.

“It’s certainly not lost on us that this sector has underperformed for several years in a row just because it doesn’t have either the growth of say, tech companies, or the perceived free cash flow-insulated businesses, which we believe it does…We’ve thought there’s been value in the sector for a few years, particularly this year,” he told iGB.

About Chess - Classic Chess Offline 4.7 star

The Streak Spins round awards eight spins in which every spin lands a paying result, with wilds extending the round. The second feature is a Fiery Jackpots bonus. It collects scatter activity in a treasure chest that can trigger a coin-based round revealing one of four fixed prizes, topping out at a 1,000x Mega.

Push Gaming is targeting players who value pace and predictability

That Mega sits close to the game’s overall ceiling. Flaming Streaks caps out at 1,150x the bet on a low-volatility math model, with the top RTP configuration reaching 96.35%. Those figures place the game firmly in low-risk, frequent-return territory rather than the volatile, big-multiplier design that defines much of the modern slots market.