The gambling operator has refused to withdraw an advert featuring Jeremy Piven and Adrian Grenier.
The operator faces a tough battle, as it is currently restricted in numerous European countries, making expansion across the region challenging.
Current CEO Jordan Levin is set to transition to Chairman once Konstakis steps in at the end of the year.
The action affects Ken Howell’s Sports Betting’s online casino, sports betting and virtual event operations, while Targetlocal’s non-remote betting licence remains active.
The operator says a rise in MGD could put its sponsorship of all five British Classics at risk.
The operator has outlined a sponsorship ‘loophole’ and urged the UK Government to consider banning sponsorships from unlicensed gambling operators.
Remote casino generated £5.7bn during the year to March 2026, while the number of betting shops fell for a 12th consecutive reporting period.
Live dealer tables and game show content from Imagine Live are now available through Hub88’s single-API platform
The studio is part of Yggdrasil’s YGG Champions initiative.
The recommendation would extend across digital marketing and sports sponsorship, while the Government said in June it had no plans for further advertising restrictions.