Hereford United supporter Mark Blandford is to become chairman of FSB Technology
It was the third funding round since the company launched operations in 2008, with the raised funds used to launch FSB Tech’s managed sports betting solution, which went live with its first operator Genting Alderney two weeks ago.
Following his appointment, Blandford said: “FSB Tech’s managed sports betting solution is the most advanced on the market, while the Genting contract and the strong sales pipeline gives me great confidence in the business model. It’s an honour to accept the Chairmanship and I’m really looking forward to helping the business grow.”
Blandford is one of the pioneers of the online gaming industry. After twice building and selling a chain of betting shops in the 1980s and 1990s he was one of the first people to recognise the potential of the internet for sports betting.
He sold his retail chain and founded Sportingbet, listing it on the OFEX London stock market in 1999. Within five years, Sportingbet had moved up to AIM with a market capitalisation in excess of £2bn. It subsequently achieved a main market listing and entered the FTSE 250.
David McDowell, co-founder and chief executive of FSB Tech, said: “Mark was quick to spot the value of a modern proprietary sports betting platform delivered as a B2B service. For Mark to agree to become Chairman is a huge endorsement of our team and vision.”