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Matt Carter leaving Betfair

Written on 5/31/11 :

Key technical manager departs
 
Online gambling group Betfair's management woes continued this week with reports that Matt Carter, a ten year veteran in the company responsible for technical architecture and advanced technology, is leaving.
 
Carter's next career move is not at present known.
 
The Guardian newspaper reported that Carter has become the latest influential employee to quit, following the earlier resignations of Mathias Entenmann, chief product and services officer; Charlie Palmer, head of mobile; Robin Osmond, chief executive of financial betting exchange LMAX; and Lee Cowles, director of UK sports and gaming.
 
The group has also endured a troubled start to life as a public company, having floated at GBP13.00 last autumn, only to see its shares close at 775.5p on Friday.
 
The Guardian emphasises Carter's important contribution to the corporate by quoting from the firm's IPO prospectus, in which it said that Betfair's success has in large measure been driven by its ability consistently to develop and launch new customer products and new and innovative technologies.
 
"There can be no certainty that Betfair will continue to be able to develop its technology to keep up to date with developments across the online betting and gaming sector and, in particular, to launch such products or new technologies in a timely manneror at all," the document advised.  "In addition, there can be no certainty that such products will be popular with customers or that such products or new technologies will be reliable, robust and not susceptible to viruses or failure.. Any of these factors could have a material adverse effect on Betfair's operations, financial performance and prospects."
 
Reacting to the report, a Betfair spokesman wished Carter well but pointed out that the company's technology team has been strengthened with a significant number of senior hires over the past 18 months, most recently with the appointments of Raj Vemulapalli from Yahoo as head of mobile and Michael Bischoff from London Clearing House as director of information systems.
 
"We are building a stronger technology team to increase the pace of innovation," the spokesman said.
 
Five further members of Carter's former team – Asher Glynne, Jonathan Westlake, Enzo Raso and Tony Ballardie – are also leaving the company, the newspaper disclosed.
 
"The changes come as Tony McAlister, Betfair's chief technology officer, begins integrating the teams that dream up future ideas with the programmers that deliver them. While McAlister has expanded his staff to 650, from 400, since he joined the business two years ago, there are thought to be a number of employees disaffected by his changes," The Guardian notes.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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