Draftkings Bookie
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Two leading Las Vegas Strip bookmakers have resigned their long-tenured positions to join DraftKings, the Daily Fantasy Sports (DFS) operation which in process of transitioning to Nevada-style bookmaking.
John Avello, formerly lead bookie at Wynn Resorts confirmed that he has resigned his position. Avello’s initial role at DraftKings includes oversight of retail sportsbook trading and risk management, according to the company.
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“Johnny is considered a legend in Las Vegas,” DraftKings’ Chief Revenue Officer and co-founder, Matt Kalish, said in a statement Monday. “He is very respected in the gaming industry and brings well over 30 years of experience, insights and ideas to DraftKings.”
According to the company, Avello will remain in Las Vegas.
GamingToday has also learned Ed Malinowski, sports and racebook executive at Golden Entertainment, now owner/operator of the Stratosphere, two Arizona Charlies’ books in addition to the Aquarius in Laughlin, has resigned his post. It’s believed Malinowski, with more than 10 years in an executive role in the Southern Nevada sportsbook industry, will join Avello at DraftKings in a leadership role.
Malinowski was unavailable to confirm his new post, but did tell GamingToday via e-mail he has resigned his Golden Entertainment position. A DraftKings’ spokesperson was unable to immediately confirm or deny the hiring of Malinowski.
Frank Kunovic, former lead bookmaker at Caesars Entertainment’s Las Vegas properties joined DraftKings several months ago after the U.S. Supreme Court ruled unconstitutional the law banning single-team sports betting in all other states except Nevada.
Avello, a popular bookmaking personality in Las Vegas for decades, served the past 13 years as the executive director of the Wynn Las Vegas Sportsbook. He comes from the late Lenny Del Genio tree of bookmakers originally holding forth at the now demolished Frontier Hotel/Casino.
Prominent local bookmakers who worked with the innovative Del Genio at the Frontier included Bob Gregorka, Bob Smith and many others. Del Genio was well known for first posting yearly odds on the Academy Awards, thus gaining national prominence with that practice.
When Del Genio retired, Avello took over, gaining a national reputation for his on-point odds and his entertaining commentary, usually foreshadowing the eventual winners. His expertise will now be used as DraftKings enters the sportsbook business.
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“We’re committed to building a world-class sports betting operation by putting together amazing talent with diverse experiences and backgrounds, and Johnny’s arrival brings us one step closer to that goal,” Kalish said.