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Sportech announces CCO Bewley’s departure

| By Nosa Omoigui
Betting technology company Sportech has announced that chief commercial officer Julian Bewley has stepped down from his role to pursue other opportunities.

Bewley joined Sportech after its 2019 acquisition of LOT.TO – an iLottery solutions company which Bewley co-founded.

Bewley said: “I am proud of the progress that the team made during my time with Sportech.

“We managed to navigate through a challenging period, and the fact that the future looks bright for both clients and colleagues, is highly rewarding. I am grateful to have had this experience and wish the company well with its future endeavours.”

Sportech CEO Richard McGuire added: “Julian was instrumental in recognising the need to evolve and drive digital innovation across the group.

“He played a pivotal role in negotiations leading to the announced deal with BetMakers, and I am grateful for what he contributed during his time at Sportech.”

Bewley’s departure follows Sportech agreeing to sell its Global Tote business to BetMakers for a total cash consideration of £30.9m. New York-based investment fund Standard General had previously made two offers to acquire the business, but both a 28.5 pence per share offer and a 32.5 pence per share deal were rejected.

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