Gambling affiliate Raketech has nominated former Catena Media chair Kathryn Baker to be the new chair of its board.
As well as previously being chair at Catena, Baker is also a former board member of Gaming Innovation Group (GiG).
If approved, she will take over from outgoing chair Ulrik Bengtsson, who is stepping down at the end of next month. In addition to nominating Baker for the position, the company has also namedMagnus Alebo as a new member of its board.
Raketech Nominates Kathryn Baker As New Chair William Hill and Hero Gaming. He will take up his position at the start of August.Experienced board members to steady ship
Raketech Nominates Kathryn Baker As New Chair. “Their leadership experience and deep sector expertise will be a significant asset, and I look forward to working with both of them as we focus on executing our strategy and delivering sustainable growth for our shareholders.”Baker has served on over 20 companies’ boards, including Norges Bank, Akastor ASA, Sevan Marine ASA, and Agasti Holding ASA.
The company is hoping her financial experience can lead to an upturn in fortunes after reporting a 48% drop in revenue for the first quarter this year. The business announced it would be moving away from its US tipping service and favoring partnerships in other areas.
Commenting on the Q1 results, Svensson stated,“Q1 2025 marked a period of strategic consolidation and operational focus for Raketech.
Raketech Nominates Kathryn Baker As New Chair Raketech Nominates Kathryn Baker As New ChairThe company has been introducing cost-saving measures and has reduced the number of employees and contractors by 41% since last year. Operating expenses were down 34% from Q1 last year.
Other gambling affiliates struggling this year
Raketech Nominates Kathryn Baker As New Chair with earnings dropping by 40% compared to the first quarter of 2024. Raketech Nominates Kathryn Baker As New Chair as an area to recover the business. However, more and more states are clamping down on the platforms. Raketech Nominates Kathryn Baker As New ChairQ2 results should reveal whether the companies are moving back in the right direction after recent struggles due to increased regulations and misguided investments.
Adam is an experienced writer with years of experience in the gambling industry. He has worked as a content writer and editor for five years on sites such as Oddschecker, CoinTelegraph and Gambling Industry News, bringing excellent knowledge of the world of sports betting and online gambling. Adam focuses on emerging stories in the ever changing landscape of betting in the US. Read the latest on prediction markets, changing legislation, and sweepstakes.
