Jay Rood has been one of the bigger names in the Las Vegas sports betting ecosystem for well over a decade now. He started as a ticket writer at Caesars Tahoe in 1992 and moved up through the ranks quickly. In 2008, he took over as the MGM Resorts sportsbook director and that made him one of the true VIPs of the Nevada sports betting industry.
In May, it was reported that Rood had taken a voluntary buyout from MGM Resorts and was leaving the company after 25 years. MGM executives tried to get him to stay but at the time he said he was looking for ‘new adventures’. It didn’t take long for him to find one. In late June he joined Las Vegas based sports betting technology company Bet.Works as head of risk management.
Bet.Works’ founder and CEO is David Wang, who formerly served as the Vice President of Online Gaming at MGM Resorts. He had this to say about Rood’s hiring:
“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.”
At the time of Rood’s departure from MGM Resorts he was in charge of thirteen sportsbooks at properties in Nevada, New Jersey and Mississippi. Bet.Works is a B2B sportsbook technology provider that will no doubt find plenty of business as the industry grows across the United States and elsewhere. They’ve already put together an impressive team of industry veterans including Rood, Chief Operating Officer Quinton Singleton (former VP/general counsel of Cantor Gaming) and senior VP of business development Marc Brody (former senior vice president of strategic initiatives at technology provider SBTech).