Trading SVP Wright Exits Fanatics

Wright, the Senior Vice President of Trading, has left the company Fanatics.

Wright, the Senior Vice President of Trading, has left the company Fanatics after working there for two years. He joined Fanatics in May 2022 after leaving his previous job at KingMakers. The company recently announced his departure, which happened during a time when Fanatics was growing a lot.

Major Changes While Wright Was in Charge

• Fanatics launched its sportsbook offering in January 2023, opening at FedExField in Maryland.
• Wright oversaw the rollout of the online casino in November 2023.
• Fanatics acquired PointsBet's US operations for $225m, significantly growing its market presence.

Expansion and Acquisitions

Under Wright's management, Fanatics began a sports betting operation and started it in a major NFL stadium. Wright also saw the company begin offering casino games online in states like Michigan, Pennsylvania, West Virginia, and New Jersey.

Wright's last big success was buying the US part of PointsBet, putting Fanatics in a strong position in the US. Fanatics now works in nearly all the places where PointsBet used to, covering most of the online market in the country.

New Jersey marks a significant new area for business expansion.

Fanatics recently started operating in New Jersey, which is important because the state allows online casino gambling.

• Fanatics now live in New Jersey as per the latest market expansion.
• New Jersey is the fourth state to launch Fanatics online casino.
• Players can seamlessly transfer their PointsBet account details to Fanatics.

Wright's Exit and What Lies Ahead

Wright has said he's thankful for the time he worked on the Fanatics betting and gaming section. He plans to take a break to spend time with his family and then look for new work. Wright still supports Fanatics and hopes they do well even though he won't be there.

Even after Wright left, Fanatics Betting & Gaming is expanding, showing it will probably do well in sports betting and online casinos.