John O’Malia: Trident Gaming

John O’Malia
Age: 35
Company: Trident Gaming

An online gaming veteran, American O’Malia previously co-founded now defunct spreadbetting company, IndexTrade, processing bets covering an underlying value of $160m. In July 2003 he took betting exchange technology and faced it to the US, under the name Betbug, where sports gambling is largely banned. He also recently acquired betting site Gamebookers, which has an annualised run-rate of €5m profits from €180m revenues. And Betbug is on track to handle $181m worth of bets in 2005, generating €11m revenues. O’Malia plans further betting products and will look to go public in 2006.

2017 update:

O’Malia stepped away from Trident just one year after being named a Young Gun and joined online gambling firm PartyGaming, where he remained as managing director and chief operating officer until 2009. Since then he has acted as non-executive director of Online Gaming JV, advising on matters relating to online gaming. In 2016, O’Malia joined VAIX.AI as director. The company develops artificial intelligence platforms to help companies understand and interact with their customers via voice and chat.