New Leadership at Novibet

Novibet, the gaming company, is making waves with a new addition to its team. Al Alevizakos is taking the reins as the managing director, and his arrival is creating a buzz. Previously, Alevizakos had a successful stint as the managing director at AXIA Ventures Group, a privately-owned investment banking group. Before that, he gained valuable experience in various investor-focused roles at TP ICAP, the inter-dealer broker. He also had a background in prominent financial institutions like HSBC, KBW, Mediobanca, and Deloitte.

Novibet expressed their excitement on LinkedIn, praising Alevizakos's track record in managing high-performing global teams and his commitment to excellence and sustainable growth. They believe his extensive expertise in capital markets, investment banking, corporate finance, and leadership positions will take Novibet to new heights.

Novibet had big plans for a merger with the special purpose acquisition company Artemis Strategic Investment Corporation. The merger aimed to list the operator on the Nasdaq exchange. The deal, struck in March the previous year, would have involved a new subsidiary of Novibet and an enterprise valuation of $625.0 million.

At the close of the deal, Artemis' founders and existing Novibet stakeholders were to hold around 75% of the combined business, with an implied enterprise valuation of $696.0 million. However, in June of the current year, Artemis dropped a bombshell. The deal was off, citing the terms of the merger agreement that allowed the cancellation if it didn't close by December 30, 2022. Artemis waited over five months past the deadline before confirming the merger's cancellation.