SBTech’s Tom Light departs to launch blockchain gambling venture
Light tells EGR his new B2B firm will be the biggest in the crypto gambling sector by the end of the year
SBTech’s SVP of business development Tom Light is leaving the firm to establish a new blockchain gambling venture.
Light officially leaves the firm today (19 March), and his new venture will be a blockchain-powered B2B provider that aims to “leverage the power of the crypto-currency in a gaming and betting environment”.
Light said he had raised significant investment and expected to be the largest company in the gambling/blockchain space by the end of the year.
“We have raised a lot of money – I’m not talking 10 or 20 million here – and we are going to completely revolutionise the gaming industry,” Light said.
“The blockchain gambling sector is like the gaming sector in 2005 – it is 95% B2C companies, whereas I know what it takes to build the best B2B company.
He said he had been leading a “double life” as a cryptocurrency expert, having bought Bitcoin at $300.
Light will not be directly replaced at SBTech, with some of his responsibilities taken over by CCO Andrew Cochrane, and some by CEO Richard Carter.
Carter added: “SBTech is particularly grateful to Tom for his incredible work over the past four years, which has enabled us to experience massive growth and has put SBTech in prime position to capitalise on future opportunities in the online and land-based gaming and betting sector worldwide.
“He retains the full support of SBTech and we look forward to his new project, which we believe will be as successful as the past four years he has had with SBTech.”