| BetFair Poaching Talent From Rivals |
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BetFair is one of the most powerful sports betting websites in the industry today. As a result, it seems as though every one in the industry, is aspiring to find a way to join BetFair talented roster of executives or customer service agents. In November, BetFair was criticized for poaching the bookie software talent from their rivals, as they acquired the services of Breon Corcoran from rival shop Paddy Power. The addition of Breon Corcoran has bettors at BetFair praising the company, after a short time of uncertainty. Essentially, it was during the spring, that former BetFair CEO David Yu left the company to seek other opportunities. For this reason, customers left the world’s top NFL website, out of fear that the company may be closing. However, with the addition of the aforementioned Corcoran, many customers both old and new should join BetFair in the coming months. Corcoran will replace Yu as the CEO of BetFair. This in turn, will allow Corcoran the opportunity to be the top executive in the company, something that was unlikely to happen with Paddy Power. But it should be noted, that Paddy Power covered their tracks in case Breon Corcoran ever left. In essence, Paddy Power had Corcoran sign a contract, which would give the company six months notice as well as a two and a half no compete clause. What this means is, the earliest Corcoran could have left Paddy Power was this past August. As we pointed out earlier, BetFair has had some difficulty over the past couple of months. The loss of Yu was a big one, as the company has struggled ever since they went public in the United Kingdom a year ago. Technically, with the addition of Corcoran things may start to stabilize. |