Online gaming operator Betway has named director of marketing and operations Anthony Werkman as its new chief executive officer.

Werkman has been with the company since 2013 and replaces Richard Akitt, who is now company chairman.

Akitt hands the reins to Werkman after five years as chief executive, during which time the business has grown from a minor industry player to a high-profile iGaming brand sponsoring numerous sports.

"It's been a privilege to be CEO of Betway for the last five years, but the time is right for me to hand over the reins to Anthony," Akitt said. "I look forward to continuing our excellent working relationship and being closely involved in the strategic direction of the business going forward."

Werkman said he was honoured to be taking on the CEO role "at a hugely exciting time for the company".

"Richard and I have worked closely together over the last few years and I look forward to continuing to work with him in his new role as Chairman," Werkman said. "We have experienced an incredible period of growth over the past few years and are determined to make sure that trajectory continues."