Sportsbook solutions provider Betgenius has promoted Matt Stephenson to the role of managing director.

Stephenson has served as business development director for the company for nearly 12 years, since joining from Sporting Index in November 2005.

He replaces Jack Davison in the role, who took over as chief commercial officer for Betgenius' parent company Genius Sports Group in July, and will now oversee commercial strategy across the group.

"Matt's knowledge of the sports betting sector is second to none," said Mark Locke, CEO of Genius Sports Group. "As Betgenius undergoes a period of unprecedented growth – reflected in record numbers of clients and an expanding team – his experience will be invaluable as we continue our innovative track record and grow our presence globally."

Stephenson's new role will see him assume full responsibility for the commercialisation of Betgenius' suite of sportsbook products and outsourced trading tools.

"With one of the strongest teams in the sector across sales and technology, Betgenius is primed for even greater success in the coming years, and I am proud to be given the opportunity to lead the business at this time," commented Stephenson.

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