New CFO hired by Betfair

New CFO hired by Betfair

Staff Writer
November 28, 2012

Betfair hired American Alexander Gersh as its chief financial officer on Wednesday, with the online gambling exchange anticipated to concentrate on cutting its cost base in the approaching months.

Gersh, who has been CFO at technology company NDS for seven years, is the first major appointment by Betfair Chief Executive Breon Corcoran since he joined the company in August.

Gersh begins work next week and takes the place of Stephen Morana as Betfair CFO. Morana served as interim CEO before Corcoran came and had already said he planned to leave the company.

Launched 12 years ago, Betfair operates an exchange that allows gamblers to bet against each other rather than having a bookmaker set the odds.

Corcoran, formerly chief operating officer at Irish bookmaker Paddy Power, will have the opportunity to lay out his strategy for Betfair when the company publishes its interim results on December 13.

Betfair has now silently cut the number of languages it offers on its website, reducing around 50 individuals from a workforce of more than 2,000.

It has also removed its sports betting trade in Germany due to the tax rate and said this week that it was taking out of the Greek market as a result of regulatory doubt.



The team behind CasinosOnline consists of casino experts united in their desire to spread knowledge to a wider audience. The aim is, and always has been, to help even the most inexperienced players gain their footing in this exciting industry.

The enthusiastic members dedicate time and energy to the creation of potent and insightful content. With years of experience in various fields of this industry, our expert authors know precisely what to look for while searching for casino quality.


Your email address will not be published. Required fields are marked *

Best Online Casino By Country

Although most casinos online are inherently international, some of them specialize for certain markets. If you’re looking for the best casino for your country or area, you’ll find it on this page. The CasinosOnline team reviews online casinos based on their target markets so players can easily find what they need.