Third Betfair exec this month leaves
Tim Phillips, director of European and public affairs, will leave at the end of April - the third Betfair executive to do so this month.
Betfair has lost its third senior executive this month after Tim Phillips, director of European and public affairs, resigned from his position at the end of last week.
Phillips will leave at the end of this month but will be under a non-compete agreement for the “next few months”, he told eGaming Review this morning.
Earlier this month Robin Osmond, the first CEO of its financial betting exchange start-up LMAX, resigned just five months after the platform was launched to retail investors, while Mathias Entenmann, Betfair’s chief products and services officer and former UK managing director of exchange, who joined the exchange in January 2007 is also leaving at the end of this month after “taking the decision to relocate back to Germany with his family”.
During his two years at the now Gibraltar-licenced betting exchange Phillips championed gross profits over a turnover tax model for gaming companies entering newly or soon-to-be-regulated markets and said this was one of his proudest moments while working there.
“Getting GPT and bringing it into view and into the Spanish and Greek regulation was an achievement, as was establishing Betfair as a significant voice when dealing directly with governments,” he told eGaming Review. He added, however, that the industry as a whole needs to recognise the “regulatory battle ahead”.
“There will be plenty of battles and many of them will be lost. The regulatory process is not an easy one and the industry needs to understand this is the case.”