Rich Hayward Appointed Managing Director of Betfair by Flutter Entertainment
Date: 2024-02-18 Author: Dima Zakharov Categories: PEOPLE
Flutter's New Leadership
Flutter Entertainment, a major player in the gaming industry, has named Rich Hayward as the managing director of Betfair. This exciting announcement comes as Flutter seeks to strengthen its leadership team and drive growth within its Betfair business.
A Journey within Betfair
Rich Hayward's journey within Betfair is an inspiring one. He joined the company as a commercial graduate in 2008 and has since climbed the corporate ladder, holding various director positions along the way. His dedication and expertise have earned him this prestigious role.
Thrilling Opportunity
Hayward expressed his excitement about the new position on LinkedIn, saying, "The Betfair dream continues. The culture and the team are such a privilege to be part of, and every day continues to be a thrilling education. I’m excited to get going and looking forward to the opportunity."
Impressive Financial Results
In addition to the leadership change, Flutter Entertainment also reported impressive financial results for 2023. The company's revenue reached £9.51 billion, driven primarily by growth in the US market, where FanDuel saw a 38% revenue increase. The UK, Ireland, and international markets also contributed to Flutter's success.
MaxBet Acquisition
Flutter's expansion efforts extended to Serbia with the acquisition of a majority stake in MaxBet, a move aimed at enhancing the customer experience across the Balkans region.
Board Changes
Flutter Entertainment also announced that Richard Flint, a board member since March 2020, will not seek re-election during the upcoming AGM in May. Flint, who has a rich history in the gaming industry, played a significant role in the merger of Flutter and The Stars Group.
These developments signal Flutter Entertainment's commitment to growth and innovation in the gaming sector, making them a company to watch in the coming years.
