Former Ve Global boss to raise millions for new gaming venture

The former chief executive of Ve Global is to launch a new online gaming platform and is in talks with investors to raise a 100 million US dollar (£77 million) acquisition war chest.

Morten Tonnesen, who headed up former tech darling Ve after its collapse in 2017, is spearheading a venture dubbed Bet Warrior, the Press Association has learnt.

With a focus on sports betting and casino gaming, the online group will initially launch in Latin America and Europe, across the UK, Germany, Spain and Bulgaria.

Bet Warrior will also consider a move to the US.

Mr Tonnesen is understood to be tapping up private equity and venture capital investors for his new firm and an official announcement is imminent.

The company will have its headquarters in Malta, but will also look to build a presence in London and Barcelona.

It is thought the 100 million dollars will be used for acquisitions of tech providers, sports news companies and smaller operators.

Mr Tonnesen’s CV also includes a stint at PokerStars, the online gambling platform.

He left Ve Global – a former “tech unicorn”, a start-up company worth more than one billion US dollars – last year after helping lead a turnaround at the firm.

Formerly known as Ve Interactive, the firm was valued at £1.5 billion before its failure in 2017.