..

Huge Shakeup at Betfair and Concerns Over LMAX

Written by:
Aaron Goldstein
Published on:
Apr/04/2011
Betfair

Robin Osmond, the chief executive of LMAX, resigned from the financial platform he helped launch for Betfair.

The Financial Times of London noted that Osmond stepped down late last week “to pursue other opportunities in the City” but will remain with LMAX during his handover to an interim chief, David Mercer.

The LMAX platform is 73.5 percent owned by Betfair, the world’s largest betting exchange.

Market analysts have expressed concern over the future of LMAX, especially after Betfair declined to elaborate on LMAX’s progress when asked to report.

Meanwhile, Mathias Entenmann, Betfair’s chief products and services officer and the one time UK managing director of exchange, will also be stepping aside at the end of this month.  Entenmann was instrumental in pursuing the company’s growth in the US market.

- Aaron Goldstein, Gambling911.com 

 

Follow us on Twitter for all the latest breaking gambling news

Follow us on Facebook.  Become a fan here.

Business/Financial News

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

Oregon Ducks Star Kayvon Thibodeaux Launches Own Cryptocurrency

Oregon Ducks Star Kayvon Thibodeaux Launches Own Cryptocurrency

Oregon defensive end Kayvon Thibodeaux announced Thursday the launch of his own cryptocurrency.  The news comes following changes to the NCAA's name, image and likeness rules made in July.

Businesses That Have Survived Rough Times

Businesses That Have Survived Rough Times

If you have an online iGaming project and you also want to expand it with sports betting, then it’s important to have high-functioning sportsbook software. Well, the aim of any gambling or betting site is to attract as many players as possible by providing them the best experience possible.

Bitcoin Site Goes Dark After Apparent Hacking

Bitcoin Site Goes Dark After Apparent Hacking

Bitcoin.org, the website that was once the main landing portal for all things Bitcoin, today suffered an embarrassing hack that has already cost naive BTC users money.

Bitcoin, Ether Slump as Market Selloff Widens

Bitcoin, Ether Slump as Market Selloff Widens

Cryptocurrency prices sank on Monday as concerns over the spillover risk to the global economy from Chinese property group Evergrande's (3333.HK) troubles spread across financial markets.

Syndicate