PointsBet appoints Flutter exec as chief technology officer

February 26, 2024 3:01 PM
  • Steve Chen — Special to CDC Gaming Reports
February 26, 2024 3:01 PM
  • Steve Chen — Special to CDC Gaming Reports

After the sale of PointsBet’s U.S. business to Fanatics Betting and Gaming, the Australian betting operator appointed Daniel Lucas as group chief technology officer.

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Lucas, global director of trading technology at Flutter Entertainment, will manage tech operations and services across Flutter brands, including FanDuel, PokerStars, Paddy Power, Betfair and Skybet, until taking up his new role on Sept. 1. Prior to his current role, Lucas was head of data solutions and trading technology at Sportsbet, another Flutter Entertainment brand.

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

“Jerry Bowskill made an outstanding contribution to PointsBet over his tenure leading our global technology organization,” PointsBet CEO Sam Swanell said. “His experience and expertise have proven invaluable as we have planned for and executed the transition of our United States business to Fanatics.

“We are very pleased that a senior executive of Dan’s quality and experience is joining PointsBet,” Swanell added. “Dan’s understanding of complex platform and trading operations, in particular algorithmic trading, risk and advanced analytics, together with his strong people leadership skills, are valuable assets to PointsBet’s Australian and Canadian operations as we continue to invest in our market leading live betting and multi capability through Odds Factory.”

In other personnel news, Chief Financial Officer Andrew Mellor will step down on Thursday and be replaced by company veteran Alister Liu, who worked at PointsBet for six years, serving as financial controller and in other treasury roles.

”Alister has been a critical member of the finance team and I congratulate him on the move to the group CFO role,” Swanell said during the company’s December quarterly earnings call. “His expertise and knowledge of the business will continue to be a great asset to the company and provide continuity for our finance function.”

In a PointsBet Holdings quarterly earnings call on Sunday, the company updated that the initial completion of the sale of the U.S. business was done on Aug. 31, with Fanatics paying $175 million as the first installment. Ownership of 13 of the 14 U.S. states has transferred to Fanatics Betting and Gaming. In Australia and Canada, the group generated 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.