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REDWOOD APPOINTED CHAIRMAN OF SPORTING INDEX

Posted 1.11.11 : Highly experienced Thomson Reuters sales exec steps into Richard Glynn's former position
 
Mark Redwood (50), a highly respected former senior Thomson Reuters executive, has been appointed the non-executive chairman of the Sporting Index group.
 
Redwood headed up Thomson Reuters' sales and trading activities until stepping down at the end of December, and replaces Richard Glynn who left Sporting Index last year to head up the Ladbrokes group.
 
Backed by European private equity investor HgCapital, the Sporting Index group has evolved from its origins as a b2c sports spread betting business. Today the group is increasingly active in the b2b arena, supplying in-play betting odds to international betting and gaming operators under its Sporting Solutions brand. Big name bookmakers already signed up to the burgeoning service include William Hill, PartyGaming, the Tote and Skybet.
 
Warren Murphy, chief executive of the Sporting Index group, said: “We believe the sports betting landscape is rapidly changing and is mirroring the way the financial data services industry has evolved. We deliberately sought to bring in someone with a strong financial technology background.
 
“From that perspective, Mark coming on board is a real coup for us. His unrivalled expertise in developing and commercialising financial trading data and transactional systems will further strengthen our business as we continue to position the Sporting Index Group at the forefront of the sports betting industry.”
 
Commenting on his appointment, Redwood said: “I can see so many parallels between the financial and regulated sports betting markets. If Betfair is the exchange of the sports betting world, Sporting Index is the market maker and data provider."
 
Until the end of December 2010 Redwood was president of Sales & Trading at Thomson Reuters, delivering financial information, news, collaboration and transactions services to trading floors across the globe. From 2006 he was CEO of Reuters Transaction Services and also a non-executive director at Tradeweb, the leading over-the-counter, online multi-asset class marketplace.
 
Core services under Mark’s responsibility included Thomson Reuters Eikon, Reuters 3000 Xtra, Matching, Dealing and the Reuters Trading suite. With revenues of $3.8 billion, Sales & Trading is the largest business unit in the Markets Division of Thomson Reuters.
 
Redwood joined Reuters in December 2002 following its acquisition of AVT Technologies Ltd, a pioneer in foreign exchange transaction technology. Between 2003 and 2006 Mark was responsible for Reuters transactions services. AVT was founded by Redwood in 1989, and as CEO he built a blue-chip customer base that at the time included leading global financial institutions such as ABN AMRO, Bank of New York, Dresdner Kleinwort Wasserstein, JP Morgan and UBS.
 
He has a First Class Honours Degree in Economics and Accounting from Manchester University, and wide experience in the financial markets, having worked at JP Morgan in London from 1983 to 1989, where he held a number of trading positions in Fixed Income and Exchange Traded Derivatives.

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Gambling News :

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.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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