Sportech has announced that Andrew Lindley will step down from his role as Chief Executive Officer of the international betting and technology business.
In a statement, Sportech noted that Lindley will continue to support the group as it concludes various current initiatives in the coming months, and the firm thanked him for his professionalism and services to the company during his time as CEO.
Lindley, who was appointed as CEO of the firm back in September last year, will also not stand for re-election as a Director.
With Lindley’s exit, the current Non-Executive Chairman, Richard McGuire, has been appointed as Executive Chairman, effective immediately.
Sportech has also released a trading update for the first five months of the year, reporting that trading was ‘in line’ with its expectations.
The company notes that a ‘high rate of growth’ continues to be experienced in sports betting, as the betting handle in the group’s Connecticut Venues is expected to ‘come close’ to that of pari-mutuel for the full year.
However, pari-mutuel wagering has ‘receded slightly’ from the record online growth it saw during the COVID-19 pandemic due to the impacts of new forms of online gambling in Connecticut.
Yet, Sportech has described the introduction of sports betting as ‘very positive’, and it is confident that in 2022, it will achieve its projected overall venues business improvement to support a positive group EBITDA.