Amy Howe has been named FanDuel Group’s interim chief executive in the wake of Matt King’s recent decision to quit the US gaming operator.
Owner Flutter Entertainment said Howe, already FanDuel’s president, will lead the group while a full search for a permanent successor continues.
Howe, who joined FanDuel in February 2021 from Live Nation Entertainment, will add responsibility for leading the group’s core commercial functions across its sportsbook, casino, racing and daily fantasy units following King’s departure later this week.
Peter Jackson, Flutter’s chief executive, said: “Matt leaves the business in a position of strength and we wish him well for the future. The appointment of Amy, working alongside the wider FanDuel leadership team, will support the key focus on growing the business and retaining our No.1 position in the US market.”
Howe served as global chief operating officer of Ticketmaster until switching to FanDuel five months ago.
The announcement of King’s departure in May was accompanied by a statement asserting that the exit would likely delay a potential initial public offering (IPO) of FanDuel in the US. Reports in the media in the last 24 hours suggest Flutter could wait until next year before listing a minority stake in FanDuel for an estimated £13bn.
King, who leaves FanDuel on 16 July, has led the group for the past three-and-a-half years, and oversaw the deal that meant FanDuel became part of the Flutter business in May 2018.
Flutter in March said it was considering an IPO for FanDuel and spinning out the business as a separately traded business to trade on a US exchange. However, Flutter also said an IPO was one of a number of options that it had been looking at and that no final decision had been made.