PointsBet poaches new group CTO from Flutter Entertainment

PointsBet has appointed Flutter Entertainment’s Daniel Lucas as group chief technology officer (CTO) to replace Jerry Bowskill.

Lucas will begin his new role on 1 September, replacing current group CTO Jerry Bowskill, who is based in the United States and will step down following completion of the sale of PointsBet’s US business to Fanatics.

Lucas is serving out his current role as global director of trading technology at Flutter, leading the trading technology operation and service across brands including Fanduel, Sportsbet, Paddypower, Betfair, Pokerstars and Skybet.

He is currently based in the United Kingdom and will relocate to Melbourne to take up his new role.

Prior to Flutter, Lucas held several senior positions at Sportsbet in Melbourne, including head of data solutions and head of trading technology, which followed roles in the investment banking sector in London.

“We are very pleased that a senior executive of Dan’s quality and experience is joining PointsBet,” said PointsBet CEO Sam Swanell. “Dan’s understanding of complex platform and trading operations, in particular algorithmic trading, risk and advanced analytics together with his strong people leadership skills, are valuable assets to PointsBet’s Australian and Canadian operations, as we continue to invest in our market leading live betting and multi capability through Odds Factory.”

Lucas said: “I am super excited about the opportunity to join a technology and product led company like PointsBet. They continue to invest in their platforms and there are exciting growth opportunities ahead.”

Commenting on the transition, Swanell added: “Jerry Bowskill has made an outstanding contribution to PointsBet over his tenure leading our global technology organisation. He has been an integral part of the group executive leadership team, and his experience and expertise has proven invaluable as we have planned for and executed the transition of our United States business to Fanatics.

“I would like to thank Jerry for all he has done for PointsBet and wish him all the best in his future endeavours.”

Shares in PointsBet Holdings Ltd (ASX:PBH) closed unchanged at AUD$0.77 per share in Sydney Monday as the company also announced its half year results for the 2023/24 fiscal year.