Betfred, one of the largest privately-owned retail bookmaker, has confirmed the appointment of Bryan Bennett as Chief Operating Officer for its US operations.
While the new appointment is subject to regulatory approval, Bennett will be in charge of the betting operator’s US operations.
Commenting on the new appointment, Betfred Group Chief Operating Officer Mark Stebbings said: “After a thorough process we have appointed Bryan Bennett as the Betfred Sports US Chief Operating Officer. Bryan has a wealth of experience and an exemplary track record. He shares our vision for our US operation and this appointment will help us achieve our goals in this exciting new market.”
Bennett has previously served as Senior Vice President of Interactive at AGS where he was responsible for online real money gaming and free to play social casino products.
Recently, the UK Gambling Commission ordered Betfred to pay a compensation package of £ 322,000 for shortcomings in its anti-money laundering procedures.
The Gambling Commission found that a convicted fraudster was investing stolen money through several gambling operators.
The case involves Petfre (Gibraltar) Limited, which is trading as Betfred and owner of a joint remote operating license.
The fraudster opened several accounts in a very short time. He was making big deposits and also experiencing big losses. He invested £ 210,000 over a 12-day period in November 2017 and lost £ 140,000.