By The Weekly Edge desk · · Updated
Neil Banbury became managing director of Sky Betting and Gaming on 29 September, SBC News reported. Banbury told the outlet he intends to draw on parent company Flutter Entertainment's international reach.
Sky Betting and Gaming’s new managing director intends to draw on Flutter Entertainment’s international reach.
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Sky Betting & Gaming gains a managing director who spent more than 15 years in various Kindred positions.
The review could lead to disclosure of communications relevant to former shareholders’ claims over the 2018 merger proceeds.
Dan Taylor’s arrival as Flutter group CEO and Allwyn’s new chief technology officer change leadership at both companies.
DraftKings and Flutter share declines reflect investor concerns over weaker earnings, promotional spending and prediction market competition.
Fanatics’ potential $1bn advertising spend would support its effort to challenge DraftKings and FanDuel in US sports betting.
Fanatics plans to increase marketing spending from $350m to $800m, potentially $1bn, to narrow the gap with DraftKings and FanDuel.