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Betfair Hires Craig Mucklow as Director of Trading

04/24/2012 : NEW BETFAIR RISK PRODUCT
 
Experienced exec chosen to lead new team
 
The Betfair online gambling group has appointed Craig Mucklow (38) as Director of Trading in charge of a Dublin-based trading team responsible for managing all of Betfair's risk products, including the forthcoming next generation sports product.
 
Mucklow joins Betfair from Ladbrokes where he was most recently Head of Sports Trading Product, managing a team of 60 sports traders. He was responsible for rejuvenating the Ladbrokes sportsbook through introducing greater automation and developing algorithmic trading models, and has substantial industry experience through trading roles with Paddy Power, Stan James and Betonsports.com.
 
Betfair's next generation sports product is designed to complement its core Exchange, allowing customers to get 'house' prices where liquidity isn't available between customers, such as some ancillary in-play markets, or early prices on main markets where liquidity may not form until nearer the event.
 
The betting company currently estimates that it loses approximately 30 percent of its customers' sports betting spend to competitors. This product will mean the firm can capture greater share of wallet from customers who place the majority of their bets on the Exchange but are sometimes forced to use competitors if liquidity isn't available.
 
Commenting on his appointment, Mucklow said: "The introduction of the new sports product has the potential to not only revolutionise Betfair's business but also the whole industry. Everyone knows that Betfair's Exchange offers consistently the best value on the vast majority of markets, but there are areas it can't cover and we will be working to plug these gaps for customers."

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IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

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AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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