Flutter confirms Amy Howe as newly appointed FanDuel CEO
Outgoing chief Matt King announced his resignation in May after four years in charge
Amy Howe has been announced the permanent Chief Executive of Flutter Entertainment PLC’s US gambling and fantasy sports subsidiary, FanDuel Group.
Flutter, located in Dublin, recruited Howe as FanDuel president in February, where she oversaw commercial operations, before naming her as temporary CEO in July.
Howe was the chief operating officer of Ticketmaster Entertainment Inc before joining FanDuel in New York. According to Flutter, she managed the digital transformation of the Beverly Hills, California-based event ticketing company and increased its mobile app client base by 400%. Live Nation Entertainment Inc., based in New York, owns Ticketmaste.
Flutter CEO Peter Jackson said “I am delighted to confirm the appointment of Amy as our new US CEO,
“Since joining the business at the start of this year she has done an excellent job of leading our commercial functions and ensuring that we execute well at this critical phase of growth for our business.
“The expansion of the US market represents the single most exciting opportunity for Flutter today. Amy’s track record of leadership and experience in scaling a digital business will be invaluable as we look to grow our leadership position there.”
Prior to joining FanDuel, Howe was the Global Chief Operating Officer of Ticketmaster, where she oversaw the company’s ticketing platform’s reinvention and modernization. She was formerly a Partner at McKinsey & Company, where she advised clients in the Media & Entertainment, Retail, and Consumer Goods sectors on growth strategy, commercial and operational excellence, and other topics.
Howe commented: “I am very pleased to be appointed the CEO of FanDuel at such an exciting time. Since joining the business, I have been very impressed by the quality of our team and the strategic advantages we enjoy in terms of brand reach, product quality and the broad expertise we leverage from being part of the wider Flutter Group.
“That said, we must avoid complacency and remain focussed on executing on our long-term strategy to build the embedded value of the business. I look forward to working with Peter and the wider team to drive FanDuel’s continued success.”
Flutter has made significant investments in the United States in recent months, with FanDuel’s revenue more than doubling year on year to GBP652 million from GBP278 million in the six months ending June 30.
During the first half of 2021, FanDuel, which has a 45 percent market share in sports betting, profited from debuts in Michigan and Virginia.
Flutter is preparing a US initial public offering for FanDuel, however, it was announced in May that it will be postponed owing to Matt King’s resignation as CEO.
Flutter’s stock was trading at 14,685.00p in London on Monday morning, down 0.9 percent.
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