NEXT.io Podcast David Carruthers: The CEO Who Went to Prison And Rebuilt His Life
🎙 NEXT.io Podcast #225 with David Carruthers, CEO at David Carruthers Consulting Limited.
In this NEXT.io Podcast episode, David Carruthers shares his extraordinary journey in the iGaming industry. From leading a billion-dollar company to serving time in federal prison, David shares his rise, fall, and ultimate reinvention of himself. As the former CEO of BetOnSports, he built one of the most dominant online sportsbooks, until a U.S. crackdown changed everything.
⏰ Timestamps:
00:00 - Introduction
00:30 - Sponsors
01:48 - David’s Carruthers Journey
04:15 - Entering the Gambling Industry at 18
06:00 - Climbing the Ladder at Ladbrokes
07:04 - Turning Point: Leaving Ladbrokes
09:06 - Landing in Costa Rica & Becoming CEO of BetOnSports
13:30 - Scaling BetOnSports into a Billion-Dollar Business
18:26 - Legal Grey Areas & Risks of U.S. Expansion
22:18 - The U.S. Crackdown & His Arrest
30:00 - House Arrest for 4 Years in the U.S.
37:00 - Accepting a Plea Deal to Avoid 80 Years in Prison
42:00 - Life Inside Federal Prison
50:00 - Rebuilding Life After Prison
1:04:00 - Re-Entering the Gambling Industry
1:15:00 - The Future of Gambling & Emerging Markets
1:20:00 - Lessons from His Journey
1:28:00 - Closing Marks
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This episode of NEXT.io is brought to you by:
Pragmatic Solutions – Leading iGaming platform technology.
Pragmatic Play – Industry-leading content provider.