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Betfred’s Chief Operating Officer to Depart After Serving for Over 30 Years

Last update: May, 2024

Written by: Andy Potts Editor
Betfred’s Chief Operating Officer to Depart After Serving for Over 30 Years

Betfred’s Chief Operating Officer, Mark Stebbings, has confirmed that he will be resigning later this week. Stebbings, who has spent nearly three decades with the leading betting and gambling operator, confirmed the news via his official LinkedIn page.

He will officially leave the company on September 29, revealing little about his plans. The operator has yet to publicly provide details about a possible replacement for the highly experienced official.

Stebbings wrote on his LinkedIn page:

“After nearly 30 years I have decided it is the right time for me to leave Betfred. I am immensely proud to have been part of an incredible growth story.

“I must give special thanks to Fred Done who has been an unbelievable mentor to me and for the belief and faith he put in me as I made my way through the ranks from a trainee betting shop manager to group chief operating officer.”

Stebbings expressed confidence that the operator will continue to expand and wished Fred Done (the company’s co-founder) and his team success. Stebbings revealed that he will take a short break from work and spend quality time with his family before deciding his next move.

High-Profile Managerial Changes

Stebbings’ departure is the second high-profile managerial change at Betfred in September. Earlier this month, the gambling operator announced the appointment of Kresimir Spajic as the new Chief Executive Officer of Betfred USA. Spajic will oversee all of the sportsbook’s strategy and daily operations in ten regulations in the United States.

Betfred is currently legal in the following states:

  • Nevada
  • Pennsylvania
  • Colorado
  • Louisiana
  • Arizona
  • Iowa
  • Washington
  • Virginia
  • Ohio
  • Maryland

Spajic brings a wealth of experience in senior and key consultancy positions at several significant gaming companies. Before joining Betfred, he worked with Bwin, Hard Rock International, Borgata, Rush Street Interactive, Apollo Global Management, and Great Canadian Entertainment.

As Betfred USA welcomed Spajic, the company’s Chief Operating Officer, Bryan Bennett, resigned from his post last week. Bennett stepped down on September 22 after serving in the position for almost three years.

Like Stebbings’ Bennett announced his departure on his LinkedIn page, stating:

“This has been one of the most exciting, fun, rewarding, challenging, frustrating and exhausting experiences of my career, sometimes all in the same day. But it was never boring. The job is far from finished, but I’m leaving a solid foundation in the very capable hands of Kresimir Spajic, whose recent appointment as US CEO provides a very bright future for the company.”

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