Ultraplay restructures leadership team

Betting solution provider UltraPlay has appointed Mario Ovcharov as new chief executive officer.

Ovcharov, previously chief commercial officer at UltraPlay, will take the helm from founder and chief executive officer Dariy Margaritov enabling Magaritov to narrow his focus on the development of a number of crypto-related projects as well as the implementation of Blockchain technology in the iGaming industry.

In addition, head of trading Peter Ivanov will broaden his capacities to deal with sports and eSports betting, manage UltraPlay’s in-house team of traders, facilitate the further expansion of its sports betting portfolio and support a US sports dedicated branch.

In related news, presale tokens of just 10 percent of UltraPlay’s newly launched esports betting cryptocurrency eGold were sold out in under 24 hours reaching the targeted hard cap before the February 8 deadline and raising $500,000.

“This is a solid proof of the huge potential that eGold holds for the industry and its members. We can’t wait to start the eGold sale which promises to achieve even better results,” Ocharov said.

The company launches the second phase of its Ethereum-based eGold token sale on February 18, 2018 with the antipation of raising around $6 million.

“eGold token will also be traded on major crypto exchanges soon. We are proud to present our own eSports betting cryptocurrency that aims to become the first-choice payment method for the eSports punters and crypto fans worldwide.”

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