— Howe to Maintain Leadership of Company’s Core Commercial Functions –
— Matt King to Depart as FanDuel CEO Effective July 16TH —
New York, NY – July 12, 2021 – FanDuel Group parent company Flutter Entertainment plc. (FTSE: FLTR) announced that it has appointed Amy Howe as interim CEO of FanDuel Group, as a full search for a permanent successor continues. Howe will add the interim CEO duties to her existing role as President with continued responsibility for leading the company’s core commercial functions across its Sportsbook, Casino, Racing, and Daily Fantasy units. She will oversee the company’s operational, product, marketing, legal, regulatory, and compliance units. Howe replaces Matt King, who, pursuant to an announcement by Flutter on May 12th, is leaving the company. King will leave the business on July 16th after the previously disclosed transition period.
“Matt leaves the business in a position of real strength, and we wish him well for the future,” said Peter Jackson, Global Chief Executive of Flutter Entertainment. “The interim appointment of Amy, working alongside the wider FanDuel leadership team, will support the key focus on growing the business and retaining our number one position in the U.S. market.”
Amy Howe commented: “Together with our talented leadership team and organization, I am focused on continuing the momentum we have built across the business. I am confident that our unique advantages in product innovation, marketing, operational excellence, and wide market access will allow us to flourish as online gaming grows across the U.S.”
Howe joined FanDuel Group in February 2021 from Live Nation Entertainment, where she held several positions of increasing authority culminating as Global Chief Operating Officer (COO) of Ticketmaster, the largest division of Live Nation Entertainment. During her tenure, she led a transformation and modernization of the company’s ticketing platform, doubling its growth in gross ticketing value and growing the mobile app install base by 400%. Before Live Nation Entertainment, Howe enjoyed a distinguished career as a Partner at McKinsey & Company.
About FanDuel Group
FanDuel Group is an innovative sports-tech entertainment company that is changing the way consumers engage with their favorite sports, teams, and leagues. The premier gaming destination in the United States, FanDuel Group consists of a portfolio of leading brands across gaming, sports betting, daily fantasy sports, advance-deposit wagering, and TV/media, including FanDuel, Stardust Casino and TVG. FanDuel Group has a presence across all 50 states and 12 million customers. The company is based in New York with offices in California, New Jersey, Florida, Oregon, Georgia and Scotland. FanDuel Group is a subsidiary of Flutter Entertainment plc, the world’s largest sports betting and gaming operator with a portfolio of globally recognized brands and a constituent of the FTSE 100 index of the London Stock Exchange.
About Flutter Entertainment plc:
Flutter Entertainment plc (the “Group”) is a global sports-betting and gaming company reporting as four divisions: UK & Ireland: includes Sky Betting and Gaming, Paddy Power and Betfair brands offering a diverse range of sportsbook, exchange and gaming services across the UK and Ireland, along with over 600 Paddy Power betting shops in the UK and Ireland. Australia: the Sportsbet brand offers online sport betting and is the Australian market leader. International: includes PokerStars, Adjarabet, Betfair and Junglee operating in multiple jurisdictions around the world offering a diverse range of sportsbook, exchange and gaming services. US: includes FanDuel, TVG, Stardust, FOX Bet and PokerStars brands, offering regulated real money and free-to-play sports betting, online gaming, daily fantasy sports and online racing wagering products to customers across various states in the US.