London-listed Sportech confirmed Monday that Rich Roberts will leave the company at the end of next month following his resignation as president of digital for the operator's US-facing Racing & Digital division. 

Roberts will also step down from Sportech's board of directors with immediate effect, but will continue to work with the company until the end of August to ensure a successful transition.

Sportech said that Roberts' resignation was the result of a reorganisation of management responsibilities in North America and "the withdrawal from our Draft Day daily fantasy sports business obligations."

Sportech acquired a 35 per cent stake in US-facing fantasy sports operator Draft Day last September, in partnership with Viggle, although its customer-facing operations have been impacted by regulatory headwinds in a number of states. It has continued to expand its B2B offering however, securing supply deals with the likes of porn giant Vivid and CrownBet in Australia.

Sportech Racing & Digital will continue to be run by Andrew Gaughan, while Ted Taylor, managing director of Sportech venues in Connecticut, will now assume responsibility for the online ADW (advance deposit wagering) business in the state.

Roberts was appointed as president of digital in July 2014, having previously served as an independent non-executive director of the company. 

Sportech CEO Ian Penrose said: "Rich has been an important member of the executive team, most notably during our successful digital activities in New Jersey last year. I would like to personally thank him for his contribution to the Company, and we wish him well for the future."

Roberts added: "I have thoroughly enjoyed my time at Sportech and am proud of the success we have had during that period with some key digital initiatives."

Shares in Sportech plc (Co. Data) (AIM:SPO) were trading down 0.07 per cent at 66.95 pence per share in London early Monday.


GIQ Magazine Digital Edition