888 appoints VC expert Limor Ganot as a corporate advisor

888 appoints VC expert Limor Ganot as a corporate advisor

The board of 888 Holdings has expanded its governance advisory, confirming the appointment of Limor Ganot as a corporate non-executive director.

A seasoned executive in corporate financing and strategic planning for technology enterprises, Ganot is the Managing Partner of US/Israeli venture capital fund Gefen Capital.

An Israeli business figurehead, Ganot has further served as CO-CEO and VP of Business Development of M&A for Israeli retail and property investment group Alon Blue Square (2004-2014).

Since 2014, Ganot has served on the board of Diners Club International and held advisory roles for start-ups Twine Solutions and Saturas Ltd

“I am delighted to welcome Limor to the 888 board,” said 888 Chairman Brian Mattingley on Ganot’s appointment.

“Her involvement as a leader in a diverse range of businesses, together with her understanding of disruptive technologies, will be of significant benefit to 888 as we continue to grow and develop as a global leader in online gaming.”

This June, 888 CEO Itai Pazner raised the firm’s 2020 EBITDA guidance, citing that performance was significantly ahead of expectations recording strong customer activity levels during the first six months of year trading.

888 cited an average daily revenue increase of 34% year-on-year, attributed to higher customer numbers during the second half of 2019 noting a ‘structural shift towards online gaming accelerated by the Covid-19 pandemic’. 

Source: SBC News