Richard Flint confirms Sky Bet departure
The Stars Group Inc has confirmed that Richard Flint has chosen to end his tenure as Executive Chairman of Sky Betting & Gaming (Sky Bet).
Flint departs Sky Bet, following 17-years with the company, serving from 2001-to-2018 in the capacities of Managing Director and Chief Executive.
Regarded as one of global betting’s leading figureheads, Flint is credited for turning Sky Bet into an online gambling powerhouse, and one of the UK fastest growing digital enterprises.
Serving as Sky Bet’s first leader, Flint prioritised building the firm’s betting platform from the ground-up, utilising in-house engineering and product development teams over industry standard outsourced provisions.
Sky Bet’s rapid growth would see the online bookmaker outmatch established UK legacy operators competing in the online gambling space.
During Flint’s leadership tenure, Sky Bet would change ownership twice with private equity firm CVC Capital Partners acquiring the betting group in 2015 for £600 million.
In 2018, Toronto TSX-listed The Stars Inc would execute a leveraged buyout of the UK business for £3.5 billion, seeking to combine Sky Bet and PokerStars assets creating ‘global gambling’s most valued online enterprise’.
Completing its Sky Bet acquisition in October 2018, the Stars Group announced that Flint has been promoted to Executive Chairman of Sky Betting & Gaming, succeeded as chief executive by Ian Proctor.
In recent years, Flint has been at the forefront of promoting Industry sustainability and social responsibility programmes, questioning betting’s legacy practices and norms.
Departing Sky Bet, Flint stated that he enjoyed the intellectual challenge of running a gambling business amid changing political and consumer demands.
Source: SBC News