Operator CEO’s to discuss betting industry challenges

Betting on Sports will gather five leading CEO’s from the sports betting space, speaking on operating within a fast-changing global industry.

Markus Peuler, CEO at Mybet, will be joined on the first day CEO panel at #boscon2017 by Pinnacle’s Paris Smith, BetBright’s Marcus Brennan, Favbet’s Nikos Chalikias and Parimatch’s Sergey Portnov.

This high-level discussion represents the penultimate session of Leaders on Betting (September 13), one of eight tracks held across the second edition of BOSCON.

The panel will be addressing the impact on business of the industry’s generally negative perception, formed in part by disputes around responsible gambling, gambling related harm, money laundering, player protection and pre-watershed advertising.

Peuler commented: “Lots of people want to gamble and always will. That’s why a clear and stable regulatory framework, which includes the mutually accepted measures for responsible gaming and fraud protection and which operators can comply to in an economically viable way, is the most sustainable path to improving the industry’s image.”

The quintet will also be discussing the role that sports partners should play in the development of gambling’s public image, the need to encourage a sustained level of innovation, and the impact of consolidation on the evolution of the industry.

There have been mixed views about the growing trend of ‘mega mergers’ such as Ladbrokes Coral and Paddy Power Betfair, with some suggesting that merged companies can become risk averse with a focus on cutting costs and protecting market share, while others counter that these companies will be better placed to maintain their margins and continue to innovate.

SBC managing director Andy McCarron commented: “The CEO panel has been a hallmark of our conferences for a number of years now, and this year promises to be no different with the CEO's from Mybet, Pinnacle, BetBright, Favbet and Parimatch. Betting on Sports delegates will gain special insight on how leaders of the biggest gaming brands across Europe have embraced the challenges of a fast-changing global industry."

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