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Betfair CTO wagers on tech overhaul

The chief technology officer of Betfair, one of world's largest Internet betting exchanges, is radically overhauling its development processes so the gambling giant can pounce more quickly on new international business.

Tony McAlister joined the peer-to-peer gambling company as CTO in January and leads its 400-employee IT group. Before joining London-based Betfair, McAlister's career includes stints as CTO at Vodafone and most recently CTO at Motricity in North Carolina.

"The thing that really appealed to me about Betfair was its approach to doing business. We are turning down tremendous amounts of revenue by not running our poker … Read more