Oddin.gg has named Martin Lycka as Vice President of Institutional Affairs, enhancing the firm’s knowledge in regulation and responsible gambling as esports wagering grows in regulated markets worldwide.

Lycka offers over 15 years of high-level regulatory and responsible gambling expertise in Europe, North America, and Latin America. Most recently, he held the position of Senior Vice President for American Regulatory Affairs and Responsible Gambling at Entain, where he directed regulatory strategy throughout the Americas and oversaw global esports regulatory issues. He additionally sits on the Board of Directors for the American Gaming Association.

Before joining Entain, Lycka had high-level regulatory positions at GVC Holdings and Paddy Power Betfair, overseeing licensing initiatives and regulatory strategy in various jurisdictions.

In his new position at Oddin.gg, Lycka will collaborate with regulators, policymakers, publishers, tournament organizers, and integrity bodies, making sure the company’s esports betting solutions keep up with changing compliance standards. Situated on the U.S. East Coast, Lycka will aid the company’s growth into more regulated markets worldwide, with this new role highlighting the increasing industry need for suppliers with substantial institutional trustworthiness.

Martin Lycka, VP Institutional Affairs at Oddin.gg, said: “Esports betting has experienced significant development within fully regulated environments. This has been the outcome of proactive engagement, education, transparency, and open dialogue with regulators. Oddin.gg, as an industry pioneer, has built its approach around those principles, and I’m looking forward to supporting the company as it scales across many more global markets.”

Marek Suchar, Co-Founder and Managing Director at Oddin.gg, added: “As esports betting continues to scale, institutional credibility becomes just as important as product quality. Martin brings deep regulatory experience and a practical understanding of what regulators seek to become comfortable with innovative betting products. His appointment strengthens our ability to engage constructively with regulators, addressing integrity, governance, and technological concerns, and to support partners operating in complex regulatory environments.”

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IZI Finance plc, the financial subsidiary of IZIGROUP, today revealed impressive interim results for the six-month period ending 31st December 2025, highlighting exceptional growth in all its revenue-producing business sectors. The results showcase the Group’s disciplined financial approach, operational robustness, and the ongoing enhancement of its primary gaming endeavors.

Throughout the reviewed period, the Group maintained steady progress across its varied portfolio, supported by consistent cash flows, careful cost control, and a persistent commitment to long-term value generation for stakeholders. The favorable outcomes further illustrate the Group’s balance sheet robustness and its capability to implement strategic priorities.

The Group reported a turnover of €561 million, representing a 25% increase compared to the previous year, while Player Winnings rose by €104 million relative to the same timeframe last year. This endeavor led to unprecedented Gaming Revenues of €53.9 million, showing a rise of €8.6 million (a 19% enhancement compared to the same timeframe of the prior financial year). The Group additionally announced impressive profitability growth, concluding the 6-month timeframe with an EBITDA of €18.1 million, reflecting a 35% rise in comparison to the same period last year. Net profit before tax rose to €6.9 million, a gain of €4.2 million, signifying a 156% increase compared to the €2.7 million NPBT recorded in the same period last year. The Group is anticipated to exceed the FY2026 financial goals, with forecasted revenue expected to surpass the €1 billion level as Gross Gaming Revenues are projected to reach over €100 million.

These results underpin and support the Group’s international expansion strategy, reinforcing the rationale previously communicated to the market on January 19, 2026, wherein the Board of Directors of IZI Finance plc announced that it is actively seeking to return to the market with a second issuance of bonds on the Official List of the Malta Stock Exchange. Subject to the necessary regulatory approvals being obtained, the proceeds of the proposed €30 million bond issue would go towards supporting the next phase of IZIGROUP’s growth strategy via international expansion, building on the strong foundations established in recent years. The Group announced that it has already identified several feasible and well-advanced international growth opportunities, and this issuance would be designed to provide the financial latitude required to pursue them in a disciplined and sustainable manner.

Commenting on the outlook, the Board remains confident that the Group is well positioned to build on its current momentum and pursue sustainable growth in the medium to long term. The Board also highlighted that the Group will be leveraging its proven operational expertise, regulatory experience and management of large-scale, concession-based gaming environments, with a view to exporting its successful operating model to international gaming markets.

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