Key points:
- O’Donovan steps into this new role with previous C-Level betting industry experience in Africa
- He will be responsible for identifying and overseeing new investment opportunities
- This latest move comes as Tekkorp seeks to enhance its African operations
Betting and gaming investment and advisory organisation Tekkorp Capital has announced the appointment of Conor O’Donovan as its new Africa Partner, as it seeks to tap into the continent’s rapidly growing market.
O’Donovan brings a decade of experience as an equity investor in Africa to the role, alongside an additional previous tenure as CEO of multi-national African betting conglomerate. As part of his new role, O’Donovan will be constructing and then overseeing an advisory and management team who will pursue investment opportunities in the market.
Commenting on his new role, O’Donovan said: “Africa offers some of the most exciting growth opportunities in global gaming, with a range of attractive targets across diverse markets. At the same time, the landscape is fragmented and has its unique set of nuances and challenges. Tekkorp, alongside our strategic partners, is well-equipped to navigate these complexities and bring out the potential in strong, locally led businesses.”
After announcing an initial public offering (IPO) of $250m back in 2020, Tekkorp entered a sports betting collaboration with News Corp Australia in April of 2022 – a move that was closely followed by an additional partnership arrangement with SlimWin Sports in October 2022. Now, the organisation will be hoping that this latest move will help to enhance its business strategy in the African market.
Tekkorp Capital CEO Robin Chhabra also spoke on O’Donovan’s recent appointment, stating: “Of course, we’ve long been active investors in the sports betting and gaming industry, always looking for great businesses with strong opportunities in market segments or territories we like. So, this focus on Africa is a logical extension of that philosophy. We’ve assembled a crack team, with Conor’s nous and know-how at the helm, as we explore another fragmented market rich with possibilities.”
