March 04, 2015

Pinnacle Sports outlines strategic vision under new ownership

Pinnacle Sports CEO Paris Smith is excited to take the sports betting operator forward under new ownership, following its sale to undisclosed buyers.

Smith outlined that the new owners of the Curacao licensed sports betting operator had ambitious plans and a strategic visions for its unique business model which has proven a popular destination for high value sports betting consumers.

Last month Pinnacle Sports governance confirmed the sale of its majority stake holdings to undisclosed buyers, through a sale conducted by Las Vegas based M&A firm Alternative Trading Partners (ATP)

Speaking for the first time since the takeover of the new buyers, CEO Paris Smith commented “I am extremely excited about working with our new major shareholder to realise a shared vision for Pinnacle Sports, which includes significant product enhancement and expansion into regulated territories. Though this deal denotes an important change for Pinnacle Sports, our customers should rest assured that the fundamental principles that make the brand so unique will not be compromised.”

Smith concluded that it would be business as usual for the sports betting operator, as senior management looks forward to a successful and positive 2015.

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