Flutter Entertainment has announced that Matt King, chief executive officer of FanDuel Group, has given notice of his intention to leave the company.
During his four years as CEO, King has overseen the transformation of the business from online daily fantasy sports operator to the market leader in US online sports betting and gaming. He has agreed to remain with FanDuel while a search process is undertaken to appoint his successor.
As previously announced, the Flutter board has been assessing the potential merits of listing a small stake in FanDuel in the US. While King's departure will affect the timing of any potential US listing, the board will continue to keep this option under review.
Peter Jackson, CEO of Flutter Entertainment, said: "I would like to take this opportunity to thank Matt for his considerable contribution in helping to make FanDuel the US market leader it is today.
"FanDuel has achieved so much in the three years since PASPA was repealed and that is due in no small part to Matt's leadership and the strong team built around him."
