Maple International Ventures, the operating force behind the UK iGaming brand Lottomart, has announced a major strategic expansion of its board of directors.
The appointments of Edward Ware, Andrew McGrath, and Michael Meade are intended to solidify the company’s governance and drive long-term resilience in a shifting market.
Edward Ware: A 32Red Success Story
The most high-profile addition is Edward Ware, the founder and former CEO of 32Red. Ware led 32Red for over 16 years, culminating in its landmark £175 million sale to Kindred Group in 2017. Having previously served as the managing director of Ladbrokes International, his operational depth is unparalleled in the sector.
Lottomart highlighted the significance of his transition from an advisor to a formal board member:
“His appointment formalises a long-standing relationship and brings proven entrepreneurial and operational success directly to the board.”
Financial and Capital Market Expertise
Joining Ware are Andrew McGrath and Michael Meade. McGrath, CEO of Alvar Financial Services, provides critical experience in institutional market infrastructure and regulated trading. Meade, a veteran investment banker with a 30-year career at firms like UBS and HSBC, has advised giants such as 888 and PartyGaming.
Transitioning Beyond Regulatory Challenges
The move follows a £360,000 penalty issued by the UK Gambling Commission in late 2024 for anti-money laundering and social responsibility failings. By formalizing this high-level board, Maple International Ventures aims to strengthen its financial discipline and navigate the complexities of modern compliance.
