Bet.Works appoints Rood as Chief Risk Officer
18 June 2019
(PRESS RELEASE) -- Bet.Works a U.S.-based iGaming and sportsbook platform supplier, announced today that Mr. Jay Rood has joined the company as Chief Risk Officer.
Mr. Rood is a legendary Las Vegas gaming executive and sports betting innovator with over 25 years of experience in sportsbook operations.
Mr. Rood has had a storied career in gaming and sports betting which began in Lake Tahoe working for Caesars back in 1992.
Mr. Rood joined MGM when it opened in December 1993 as a ticket writer and worked for the operator for over 25 years, ultimately overseeing all of MGM’s sportsbooks including 10 in Nevada, two in Mississippi and one in New Jersey as the expansion of sports betting has swept across the USA following the PASPA repeal in 2018.
Mr. Rood joins Bet.Works at a pivotal moment in US sports betting history as more than 30 states are expected to legalize Sportsbooks over the next 12 to 24 months.
Sixteen states have already passed legislation as eight states are live with eight states pending launch. The U.S. sports betting market is estimated by Morgan Stanley to be approximately $400 billion and is comprised of an estimated 44 million US citizens who wager annually.
Bet.Works’ Founder/CEO, David Wang, said, “I had the privilege of working with Jay in the past and his 25 years of sportsbook operations will help take the company to the next level.
“There is no one more qualified to lead our organization as we deploy in more states in the coming months. Jay and our in-house Las Vegas-based trading and risk team will oversee all of the brands on the Bet.Works platform with a significant emphasis into advanced in-play wagering via our technology platform.”
Jay Rood, Chief Risk Officer at Bet.Works, said, “I am excited to be joining a group of extremely experienced and talented individuals at Bet.Works focusing on servicing the emerging sports betting industry with unique and powerful technology and a team that has extensive knowledge in the US betting market.
“David Wang's vision and drive is contagious, and I believe he has positioned Bet.Works to be the provider of choice for gaming operators looking to enhance their offering to their guests.”