Zona de Azar Australia – PointsBet Names Flutter Executive Daniel Lucas as Chief Technology Officer

Australia.- February 27 2024 www.zonadeazar.com Following the sale of PointsBet’s U.S. business to Fanatics Betting and Gaming, the Australian betting operator has appointed Daniel Lucas as the new group chief technology officer.

Daniel Lucas, who previously served as the global director of trading technology at Flutter Entertainment, will oversee tech operations and services across various Flutter brands, including FanDuel, PokerStars, Paddy Power, Betfair, and Skybet.

His official commencement in this role is scheduled for September 1. Prior to his current position, Lucas held roles such as head of data solutions and trading technology at Sportsbet, another brand under Flutter Entertainment.

Relocating from the United Kingdom to Melbourne, Australia, Lucas will be taking over from Jerry Bowskill, based in the United States, who will step down after the acquisition by Fanatics. Bowskill, with PointsBet since 2022, previously held executive positions with Capital International Group and The Stars Group, now owned by Flutter.

PointsBet CEO Sam Swanell acknowledged Jerry Bowskill’s exceptional contribution to the company, stating, “His experience and expertise have proven invaluable as we have planned for and executed the transition of our United States business to Fanatics.” Swanell expressed satisfaction with the appointment of Daniel Lucas, citing his understanding of complex platform and trading operations, algorithmic trading, risk, and advanced analytics as valuable assets to PointsBet’s Australian and Canadian operations.

In other organizational changes, Chief Financial Officer Andrew Mellor will step down on Thursday, making way for company veteran Alister Liu to assume the role. Liu, who has been with PointsBet for six years, served as financial controller and held various treasury roles.

Sam Swanell, during the company’s December quarterly earnings call, congratulated Alister Liu on the move to the group CFO role, emphasizing his expertise and knowledge of the business as a significant asset.

During a recent PointsBet Holdings quarterly earnings call, the company provided updates on the sale of its U.S. business, highlighting the initial completion on August 31, with Fanatics making a $175 million payment as the first installment. The ownership of 13 out of 14 U.S. states has been transferred to Fanatics Betting and Gaming.

In Australia and Canada, the group reported record H1 results with a net win of $128.1 million, up 14 percent from the previous corresponding period, and a gross profit of $58.5 million, up 21 percent from the previous period.

Edited by: @MaiaDigital www.zonadeazar.com