FanDuel’s CEO, Matt King announced that he will be resigning from his position. The announcement comes while FanDuel’s owner, Flutter Entertainment, is assessing the possibility of listing a “small stake” of the company in the US.
Matt King to Leave FanDuel
Flutter Entertainment announced today that Matt King, FanDuel’s CEO, will be resigning from his position. For nearly four years with FanDuel, King has pushed the company’s transformation from an online daily fantasy operator to a true market leader in the US online sports betting and gaming space.
The announcement comes at a time when Flutter has revealed that it is assessing a potential listing of a “small stake” of FanDuel in the US. While FanDuel has initiated the process to appoint its new CEO, King agreed to remain with the company for that time. With that in mind, Flutter did acknowledge that King’s departure may “affect the timing of any potential US listing“.
Leading FanDuel Was a Privilege, Says King
Commenting on the subject, King said that leading FanDuel for the last 4 years has been a privilege. Furthermore, he acknowledged that this was an incredibly exciting period for the company. King stressed that FanDuel is currently positioned well for its next chapter of growth. Furthermore, he added that now is the time for him to “take on new opportunities“.
“It has been a privilege to lead FanDuel over the last 4 years through what has been an incredibly exciting period for the company.”Matt King
Additionally, King thanked Flutter’s team and CEO Peter Jackson for their continuous support since the acquisition of FanDuel 3 years ago. In conclusion, he said that he has no doubt that the company will continue growing and wished the best for the future of his colleagues and FanDuel.
Flutter’s CEO Peter Jackson Thanked King for the Hard Work and Dedication
Flutter Entertainment’s CEO, Peter Jackson, thanked King for the significant contribution in helping FanDuel become a US sports betting market leader. Furthermore, he acknowledged that since the US Supreme Court struck down PASPA in 2018, FanDuel has seen incredible growth.
“I would like to take this opportunity to thank Matt for his considerable contribution in helping to make FanDuel the US market leader it is today.”Peter Jackson, CEO, Flutter Entertainment
According to Jackson, King contributed significantly to that growth with his leadership and the strong team that was built around him. Furthermore, Flutter’s CEO said that while the company is sorry to see King leave, the business is in great shape. In conclusion, Jackson said that the process for hiring a new CEO for FanDuel is started and the company remains focused on keeping its position at the helm of the US market.