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NEWS 16 May 2019

Richard Flint set to depart Sky Bet

By Matthew Enderby

Sky Betting and Gaming Executive Chairman, Richard Flint, will leave the role next month following 18 years with the company.

The Stars Group, parent company of Sky Betting and Gaming, made the announcement in its first quarter earnings call.

Flint played a significant role in the $4.7bn acquisition of Sky Bet, made by Stars Group last year. The deal saw him move from the CEO position to his last post with the company; Executive Chairman.

The Stars Group CEO, Rafi Ashkenazi, said: “I’d like to thank Richard for his great work and assistance with the transition of the business. Richard leaves Sky Bet in a great state in its new home, under the management of Ian Proctor (CEO) and Connor Grant (COO), who were both promoted from within following CMA approval last October.

“I’m confident that this will allow us to maintain our unique culture that has delivered success over the years.”

The Stars Group announced revenue of $580m for the year’s first quarter, a 47% increase year-on-year, as adjusted EBITDA increased 11.6% to $195m.

Stars Group made $179m in revenue from Sky Bet, 31% of overall group revenue.

RELATED TAGS: Online | Sports Betting | Industry
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