Mathias Entenmann, formerly with Paypal, will be responsible for the core betting exchange business with direct management of product marketing, customer acquisition and retention. In other news, Betfair demonstrated compliance with the ISO 27001 proving the use of high levels of security controls to protect company\’s assets.
Elsewhere, Youbet announced that it has agreed to sell 6.2 million shares of its common stock at a price of $3.25 per share. The company will use the proceeds to pay off the debt assumed when it acquired United Tote earlier in the year.
Bob Wiper, Chief Executive of Stanley Leisure, will step down after 8 years at the helm, a source close to situation told Reuters.
Digital Gaming Network, a new private& company based in Costa Rica, announced the acquisition of poker software network Dobrosoft.
Alexa.com revealed that US facing online gambling sites have seen an increase in player traffic since October despite the introduction of the UIGE Act. Bodog saw an increase of 2,413 people in the period, PinnacleSports.com of 2,032 and VIP.com of 1,740. In contrast, online gambling websites that have pulled out of the US market have seen some drops in rankings. Bet365 has experienced a decrease of 1,015, whilst Canbet.com, which only left the US market last month, moved up slightly by 425.
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