And Rodio is the person who decided to join the DFC. He has been on board as CEO for the past several months. On March 20th he decided to join an alliance with the SDA to start the ‘SDA Capital’. The first half of the first day was free banking. Took me for a spin on our most recent meeting, he was a little more open on details of how business has been moving. And, once things are rolling back and forth on the board it will probably be a year or two before he’s actually back in the board after some very intense voting and a bunch of meetings to sort out what to do. I can’t wait for that one, I’d love to see what this new world of banking can bring to the next big thing in banking.. especially if they manage to figure out how to do it as efficiently as possible.. so much so that for $20 bucks, there’s just no way anyone is going to buy a ticket to DFC this holiday season. It’s going to be a hell of a ride. And they must be hoping (or maybe in some circumstances asking) that that was a deal to keep him in this company until August, 2016. I believe Tony as CEO must be very happy to see a young guy who has spent so much time in the forefront of the world of sports banking and his first in-person meeting came along. The next thing that makes this dream come true is that Rodio makes sense as CEO in the first place. Rodio has the mindset of a business leader, he’s going to follow the path that was seen in 2008 and he thinks that the people who have made a successful business are the people who have the next growth round built upon.. that the best growth to come out of DFC is the most rapid development.. and that business’s next CEO can be the first in-person of the new direction they’ve been in over 30 years. He’s the one who can see people doing more and more things, they’re doing their job right. I don’t know about you but the same goes for my personal relationship with Jim Rodio, this was going well. He was always there for me. So, I guess I’m trying to be kind of a private person rather than being private about it, but he’s doing like his job right. I was very excited when in my first meeting with him he seemed excited to get to that point. He was kind of looking at another job at the same time. I don’t think when you look at a CEO in that position, how you’re actually going to come out, you’re just going to go. He has worked at the top, he has worked at the shadows, he has worked at the heart-beats. He’s the one who brought this together.
When Jim’s first day to board I think there was a lot of discussion about what it meant to him to go on that date at the most important point in life. The fact that Jim was up at 4pm, it was just completely shocking to me. He was so excited. It was clear, he’s going to do well. He did.
In the conference call, it looked like a good day.
Jim’s first day in management took off when he stepped down and gave some brief highlights, including:
“He is the only CEO at a single casino to not be nominated for CEO of two big gaming firms. All five (Giant Gaming, DFS, DMLK, and DGBQ) currently work at one company.
“Giant is a major investor in the future of DFC. Not only does this add to the excitement for DFC, but DFC sees the gaming industry as having a huge potential . While we all know where DFC will go from here, we’ll just have to see for sure for at least now.”
“DFC knows what it takes to be successful. We are not afraid to take the smartest possible action.”
“Our goal is to create our first-on-one market success without compromising our focus. Jim is a leader in the business of gambling and has been working closely with his teams in the industry. We were very happy yesterday with Jim’s announcement and we remain committed to expanding opportunities in DFC.”
The first part of today’s announcement didn’t quite give you a great sense of exactly what this was all about. Here are some things I didn’t see coming…
“Just a few days ago, Mr. Rodio told me about SBI-DFC, the new company launching through DFC, to expand their business to new markets for any of any value category and the company must compete with any