FanDuel CEO Matt King has announced his resignation. The announcement comes when FanDuel owner Flutter Entertainment is considering listing a "small stake" in the US.
Matt King to Leave FanDuel
Flutter Entertainment announced today that Matt King , CEO FanDuel, will resign from his post . In nearly four years with FanDuel, King pushed the company to transform itself from being Daily Fantasy's online operator the true leader in the US sports betting and online gaming market .
The announcement comes just as Flutter has revealed that evaluates a potential "low bid" entry by FanDuel in Usa. While FanDuel initiated the process of appointing a new CEO, King has agreed to remain with the company during this time. With this in mind, Flutter admitted that King's departure may " affect the timing of a possible US listing ".
Leading FanDuel was a privilege, says King
Regarding the topic, King said that running FanDuel for the last 4 years has been a privilege . In addition, he admitted that it was an extremely exciting period for the company. King emphasized that FanDuel is now well positioned for the next chapter in development. Moreover, he added that now is the time to " took advantage of the new opportunities ".
" It has been an honor to lead FanDuel over the past 4 years through an extremely exciting period for the company. "
In addition, King thanked the Flutter team and CEO Peter Jackson for their continued support since they acquired FanDuel 3 years ago. In conclusion, he said there was no doubt about that the company will continue to develop and wished all the best for the future of his colleagues and FanDuel.
Flutter CEO Peter Jackson thanked King for his hard work and dedication
Flutter CEO of Entertainment, Peter Jackson , thanked King for his significant contribution to helping FanDuel to become an American sports leader in the sports betting market . It further admitted that since the US Supreme Court overturned PASPA in 2018, FanDuel has experienced incredible growth.
" I would like to take this opportunity to thank Matt for his significant contribution to making FanDuel the market leader in the US it is today. "
Peter Jackson, CEO of Flutter Entertainment
According to Jackson, King contributed significantly to this growth leadership and a strong team that has been built around it. In addition, Flutter's CEO said that while the company was sorry to see King leaving, the company is in great shape . Overall, Jackson said the process of hiring a new FanDuel CEO has started, and the company continues to focus on maintaining its position at the forefront of the US market.