Prevention Insurance.com Appoints Gaming Industry Veteran Graham Martin as Chairman of the Board

Rhea-AI Summary

Prevention Insurance.com has appointed Graham Martin as the independent Chairman of the Board of Directors. Martin, a prominent figure in the sports betting industry, brings a wealth of experience, including creating the world’s first online offshore betting law and founding Sky Bet, which sold for £3.4 billion in 2018. His leadership is anticipated to bolster the company as it launches its platform in Australia and regulated U.S. markets, where over $57 billion was wagered last year. CEO Joe Martinez emphasized Martin's valuable insights for the Apple iSports brand, which focuses on integrating sports betting with innovative technologies. The company aims to support a range of gaming options, including eSports and fantasy sports, and innovate through AI-driven informatics to enhance customer engagement.

Positive

• Graham Martin has extensive experience in the sports betting industry, which may strengthen company leadership.
• The company plans to launch its platform in Australia and U.S. regulated markets, potentially increasing market presence.
• The platform aims to innovate through AI-driven informatics, enhancing customer engagement and decision-making.

Negative

• Concerns may arise regarding potential gaps in leadership continuity, given the new appointment.

Irvine, CA and Melbourne, Australia, April 24, 2023 (GLOBE NEWSWIRE) -- Prevention Insurance.com (the "Company"), a digital sports entertainment and gaming company that provides users with sports betting and streaming solutions, today announces the appointment of Graham Martin as its independent Chairman of the Board of Directors. The Company operates through its subsidiaries, Apple iSports, Inc., a Delaware corporation and Apple iSports Australia Pty Ltd., an Australian company.

Mr. Martin's extensive experience in the sports betting industry has made him a respected figure and a valuable resource for many gaming companies. As a third-generation bookmaker, he has been able to combine traditional gaming knowledge with modern digital and online technologies whereby he has created and successfully led many innovative ventures in this industry.

Mr. Martin originated and drafted the world’s first online offshore betting law based in Alderney that is part of the Bailiwick of Guernsey. This revolutionary event transformed the betting world and demonstrated his pioneering spirit in the gambling industry. He founded Bonne Terre Limited, which operates as Sky Bet and is regulated and licensed in Alderney. This business was sold to The Stars Group for £3.4 billion in 2018.

He served as Chairman of Probability Games Corporation, a world leader in mobile phone betting services and technology, listed on the London Stock Exchange in 2006 and later was acquired by GTECH. Graham founded Scotbet International Limited, which was the largest private Scottish retail betting company, that combined the gambling businesses of both Scotbet and Morrisons Bookmakers. Graham has contributed to establishing gaming laws in various jurisdictions and advising or serving as a board member for numerous public and private gaming groups globally.

Joe Martinez, Chief Executive Officer, and Director of the Company commented, “Graham's background and accomplishments have made him an influential and prominent figure in the sports betting world, and his expertise has helped shape the industry's growth and development over the years. Graham’s insights and executive-level experience will be invaluable to the Apple iSports brand as we launch our platform across Australia and the regulated markets within the United States where these markets saw over $57 billion in sports wagering last year. The Company is at a pivotal time in its development as we prepare to enter the marketplace with our unique approach to customer acquisition and engagement and we look forward to Graham’s valuable counsel throughout the journey.”

Graham Martin, Chairman of the Board of the Company, commented, “I am excited to have the opportunity to serve the Company as its new Chairman and look forward to the challenge of leading our entry into several marketplaces. The Company has assembled an impressive leadership team with world-class gaming, technology, and marketing partners. We are positioned to be one of the broadest sports entertainment and betting providers in the marketplace capitalizing on the convergence of sports betting, innovative technologies, and content generation, within our digital platform. I am confident that the Company has the core elements necessary to execute its business plan as we move through this exciting new era of the worldwide betting industries’ growth.”

About Apple iSports’ Platform

The Company, through its operating subsidiaries, is an emerging sports and racing betting platform centered around fantastic sports content and delivering daily fantasy games. Looking to the future, the Apple iSports gaming platform will support eSports, Metaverse applications, and much more.

The core team behind Apple iSports platform has over four decades of regulated sports and racing betting experience in regulated markets in Australia and is now bringing that to the U.S., complimented by a very strong corporate and finance capability.

The Apple iSports platform brings a fresh focus on racing, including leading-edge, AI-driven informatics to empower our customers to make informed and educated selections, along with tight integration between fantasy sports and wagering and creating strong communities around sports.

For additional information about the Apple iSports platform, please visit https://appleisports.com/.

To subscribe and keep up with the latest sports news and events, sports channels, and fantasy sports competitions from Apple iSports, please visit https://appleisports.com/subscribe.

Forward-Looking Statements

This press release (together with any amendments or supplements and any other information that may be furnished to you by us) includes or may include certain forward-looking statements, estimates and projections with respect to our anticipated future performance (collectively, “Forward-Looking Statements”).  Words such as “expects,” “anticipates,” “intends,” “could,” “may,” “believes,” “estimates,” “projected” or similar language identify Forward-Looking Statements.  Forward-Looking Statements reflect various assumptions of our management that may or may not prove to be correct and are not guarantees of our future performance or results.  Our actual results could differ materially from those anticipated in the Forward-Looking Statements as a result of certain factors, certain of which are discussed in this press release.   Except as may be required by the securities laws, we are not required and do not intend to update or alter any Forward-Looking Statements in this press release or any other information that may be furnished to you by us, whether as a result of new information, future events or otherwise.  This press release does not constitute an offer to sell to, or a solicitation of an offer to buy from, anyone in any state or in any other jurisdiction in which such an offer or solicitation is not authorized.  Except as otherwise indicated, this press release speaks as of the date indicated above. 

Investor Relations Contact:

Skyline Corporate Communications Group, LLC
Scott Powell, President
101 Federal Street
Suite 1900
Boston, MA 02110
Office: (646) 893-5835 x2
Email: info@skylineccg.com

FAQ

Who is the new Chairman of Prevention Insurance.com?

Graham Martin has been appointed as the new independent Chairman of the Board of Directors for Prevention Insurance.com.

What experience does Graham Martin bring to the company?

Graham Martin has extensive experience in the sports betting industry, including founding Sky Bet and drafting the first online offshore betting law.

What markets is Prevention Insurance.com targeting?

The company is targeting the Australian market and regulated markets within the United States for its sports betting platform.

What are the expected benefits of Graham Martin's appointment?

Graham Martin's expertise is expected to enhance leadership and strategic direction as the company launches its platform.

How much was wagered in U.S. regulated markets last year?

Over $57 billion was wagered in U.S. regulated markets last year.