Tipico appoints first US chief financial officer

Tipico has confirmed the appointment of former Esports Entertainment Group chief financial officer Dan Marks as its new CFO.

Marks spent just under two years with the Nasdaq-listed operator, which recently reported continued downturns in its EBITDA and cash flow during its fiscal year Q3 results.

He previously worked in the industry for the former Argyll Entertainment business, which became an Esports Entertainment Group subsidiary in July 2020.

In his role as CFO and head of business intelligence for Argyll, Marks oversaw the SportNation.bet and RedZoneSports.bet brands.

Prior to that, he worked in finance-related roles for global banking powerhouses HSBC and Barclays over a ten-year period.

In his new role as CFO for Tipico US, Marks will oversee the financing arm of the Malta-headquartered sportsbook operator’s US division, working out of its offices in Hoboken, New Jersey.

Beginning with a December 2020 launch of its first US sportsbook in New Jersey, Tipico has been steadily building its US footprint over the last two years, expanding into the Colorado sportsbook market in August 2021.

This expansion also includes the creation of a new technology hub in the Centennial State, with Tipico pledging to create 441 jobs in the US over the next eight years.

Tipico has also inked a multistate market-access deal with Caesars and an exclusive partnership with USA Today, as well as deals with teams including Columbus Crew, Colorado Rapids and a social media content deal with Fade The Noise.