Tuesday February 4,2014 : FSB TECH APPOINTS SPORTINGBET FOUNDER AS CHAIRMAN
Industry veteran to provide years of experience as he takes board position
Sportsbook platform provider FSB Technology UK Ltd (FSB) has appointed Sportingbet founder Mark Blandford as chairman of the business.
Blandford’s appointment comes just a few weeks after the business successfully completed a GBP 2.6 million funding round, its third since launching in 2008.
An industry veteran, Blandford twice built and sold a chain of betting shops in the 1980s and 1990s and was a pioneer in recognising the potential of the internet platform for sports betting.
He sold his retail chain and founded Sportingbet listing it on the OFEX London stock market in 1999. Within five years, Sportingbet had moved up to AIM with a market capitalisation in excess of GBP 2 billion. It subsequently achieved a main market listing and entered the FTSE 250. Blandford was awarded AIM Entrepreneur of the Year in 2002.
David McDowell, co-founder and chief executive of FSB Tech, said: “Mark was quick to spot the value of a modern proprietary sports betting platform delivered as a B2B service. For Mark to agree to become Chairman is a huge endorsement of our team and vision.”
“FSB Tech’s managed sports betting solution is the most advanced on the market, while the Genting contract and the strong sales pipeline gives me great confidence in the business model. It’s an honour to accept the Chairmanship and I’m really looking forward to helping the business grow,” Blandford added.
FSB Tech was co-founded by Sam Lawrence and David McDowell. McDowell was a founder of the recently listed GameAccount Network and sat on the board for 12 years.