Flutter Entertainment announced this week that its’ UK and Ireland operations CEO is stepping down. Conor Grant has resigned from the position, set to leave the role before the year ends. Grant plans on taking a career break so that he can spend more time with his family. The CEO has worked for over two decades in the online gambling industry.
Ian Brown to Take Over
Grant has enjoyed a long career in the gambling industry, having worked with major companies along the way. He worked with Sky Betting & Gaming for over a decade in his early years, overseeing the sale of the company to The Stars Group.
When Flutter merged with The Stars Group, Grant led the consolidation process of the UK and Ireland-based business. This included managing the company during the rough times of the pandemic and navigating the company while more legislation to regulate gambling was enforced in the regions.
As Grant leaves the CEO position, Flutter will add Ian Brown as his successor. Brown was the former CEO of the Trips division for Booking.com. He will take on the responsibility of handling several brands of the company, including Tombola, Sky Betting and Gaming, Paddy Power, and Betfair.
Brown is excited about the position, commenting on the ‘fantastic portfolio’ of Flutter and how he looks forward to helping develop the leadership position within the online sector.
Peter Jackson, the CEO of Flutter Entertainment, thanked Conor for his contributions to the company, including his strategic vision and direction of the UK and Ireland operations.
Positive First-Quarter Performance
The news of Grant’s departure comes just two months after Flutter Entertainment announced its first-quarter totals. Despite issues with the cost of living in the UK, players are still utilizing the company’s services. The first quarter saw a 6% increase year-on-year in revenues with close to $1.94 billion earned.
The number of people taking part in gambling activities via the firm’s brands increased for the quarter, reaching a 15% improvement from last year. The company saw a 45% increase in year-on-year revenues in the United States, with most of the earnings coming from a FanDuel Group subsidiary.
The company is currently a top service operator in the US online sector, with a 37% market share. Average monthly users in the US reached close to 332 million people, with revenues reported at just over $530 million. The United Kingdom and Ireland’s full revenue earning totals reached just over $641 million.
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