Betfair, which is currently in talks with private equity firm CVC Capital Partners about a takeover, had an events team of four last year, now disbanded as it decides its future event strategy.
Recent departures from Betfair's events team include event co-ordinator Charlotte Ridley, who is now event manager at Paragon.
Betfair has worked with agencies including Logistik and Wonderland Events and is outsourcing its future events spend.
A Betfair spokesperson told C&IT: "Following a broader business review we are moving management of events from an internal team to external agencies. Customer hospitality and events remains a key part of our long-term strategy."