• Bet.Works is based out of Las Vegas and was founded in 2018.
• Jay Rood served as the Vice President of Race and Sports of MGM Resorts.
• The company expects to enter into every legal sports betting state market in the upcoming years.
LAS VEGAS – Another high-profile hire occurred at Bet.Works this week, when Jay Rood was brought on as the Chief Risk Officer.
Rood comes to Bet.Works with over 25 years of experience, starting as a ticket writer and finishing as the VP of Race and Sports for MGM Resorts.
At his new company, Rood will be responsible for maintaining contact with neighboring sportsbooks in order to monitor integrity issues through similar large wagers. He will also play a large role in setting the lines and odds for the company.
“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,” said the company’s CEO and Founder David Wang.
Rood has experience in overseeing sportsbook operations, as, upon leaving MGM, was supervising over a dozen sportsbooks in three different states.
His 25 years of sportsbook operations will help take the company to the next level,” said Wang. “There is no one more qualified to lead our organization.”
Bet.Works is slated to make a huge splash in the legal US sports betting market, as their company is based inside the country and plans on only working with state-licensed sportsbooks.
Earlier in the year, Bet.Works added two executives from Scientific Games (Quinton Singleton) and Sportradar (Dr. Laila Mintas), who will be the COO and chairwoman, respectively.
What Is Bet.Works And What Do They Offer?
The 2018 launched Las Vegas-based company provides a variety of services for sportsbook operators. Not only can they host data, monitor integrity, and provide customer service, but they can also record all transactions, oversee compliance issues, and can even manage the sportsbook in general.
Without a product released on the market, Bet.Works is scheduled to launch in New Jersey at Monmouth Park sometimes this summer or early fall.
As one of the three companies to have undergone certification at every US testing facility, the entrance into these states should come with ease. While many operators need the state’s gaming commission to approve their platform, the accolades behind Bet.Work’s may allow them to enter without regulatory approval.
“I am excited to be joining a group of extremely experienced and talented individuals at Bet.Works,” said Rood. “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.”
Michael began writing as an NBA content writer and has spent time scouting college basketball for Florida State University under Leonard Hamilton and the University of Alabama under Anthony Grant. A graduate of both schools, he covers topics focused on legal sports betting, betting odds, and casino reviews. Michael likes to golf, play basketball, hike, and kayak when not glued to the TV watching NBA games.