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Chalikias Appointed as New Favbet CEO

8 Feb 2017

Favbet CEOThere is a change in the position of the Chief Executive Officer in Favbet, with Nikos Chalikias being the one that was promoted in the position of Favbet CEO. Malta and Ukraine-based Eastern European sports betting operator Favbet made the announcement just yesterday.

Chalikias' Background

The Greek have served as the firm’s Chief Commercial Officer (CCO – 2016) and following a candidate internal and external review. The promotion of Chalikias has been approved by Favbet owner Andrii Valierevich. The Greek CEO has a great experience when it comes to Eastern European sports betting. After all, he has been a Chief Executive Officer at Gaming Synergies Ltd (2014-2016) and also served as Managing Director of Novibet.com (2013-2016).

Chalikias commented on Favbet’s goals and ambitions for the running year: «I am excited about the opportunity to lead Favbet organisation into the next phase. After all they have such a unique, strong CIS heritage and growing international presence over the last 17 years. I look forward to working with its experienced and talented team to take Favbet crown forward to an exciting new future.».

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With more than 20 years of experience, FavBet requires little introduction. It dominates the Eastern European market and is the leading gambling operator in Ukraine. Unlike many betting sites, it focuses a lot on localization, offering different domains, multiple website languages, and several local currencies and payment options. I like that the platform is built in-house; it shows that the aim is to offer something unique. I also enjoy the variety of markets available in football and basketball, as well as the high odds on the major sports. Despite being a front-runner in the CIS countries for many years, this is the first serious attempt to expand globally. I have a lot of doubts, because Eastern European bookmakers tend to limit international players fast. In addition, the absence of key features such as Cash Out and Bet Builder is notable. I would also like to see the commission fees removed and the max withdrawal limit per transaction increased. Nevertheless, I can confidently suggest FavBet, whether you are a recreational or professional bettor. Feel free to try it.

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