BUSINESS

Betfair mobile passes one billion in bets; Morana rules CEO run

TAGs: Betfair, Bodog

betfair mobileBetfair has followed the release of their first set of results since going public with more good news. The online gaming exchange has announced that their popular mobile betting service has now surpassed £1billion in bets placed.

After hearing the news, recently appointed VP of Mobile Engineering, Raj Vemulapallo, said, “Betfair has had an explosive year in mobile and our sights are now firmly set on reaching even greater heights in the year ahead. Developing new betting methods and experiences for the increasing amount of our customers who wish to access Betfair through their mobile phones is a key priority of the business.

“The surge in global smartphone sales represents a significant opportunity for us, and we’re confident that our track-record of delivering cutting-edge technology for our customers will enable us to capitalise on this trend.”

One of those thought to be a front-runner for Betfair’s top job has ruled himself out of the running. In an interview with eGR, Stephen Morana said that he would not be succeeding David Yu as CEO of the fledgling betting exchange. The current Chief Financial Officer said, “I’ve been very clear in my take. I am very committed to Betfair. I think the best thing that I can do for Betfair is stay in what I think is a huge job as the CFO. I won’t be putting my name forward. I’m here to act as a transition between what will happen over the next period of time and driving the business forward.”

He could of course be pushing for more than the reported £500,000 salary.

Bodog has already opened the book on the new CEO of Betfair and you can bet on the eventual winner by following this link.

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