London-listed sports betting technology provider Sportech has appointed Richard McGuire as its new chief executive with immediate effect.

McGuire has served on the board of Sportech since August 2016, most recently as interim executive chairman following the departure of CEO Andrew Gaughan.

To support the company’s US business strategy, McGuire relocated to Connecticut earlier this year, where the group's US headquarters are located.

He has extensive experience in capital markets and the leisure and gaming industries. Prior to joining Sportech, McGuire was chairman at Timeweave and joint owner of TurfTV. He was also non-executive director at London-listed Mitchells and Butlers, one of the largest operators of restaurants, pubs and bars in the UK.

Giles Vardey, who joined Sportech as a director in November 2017, will take over as the company’s non-executive chairman.

Vardey has more than 37 years of business and boardroom experience, with roles including CEO of insurance firm Greig Middleton and president and CEO of Fidelity Brokerage Services. His gaming industry experience includes serving as non-executive chairman of Trident Gaming from 2005 to 2008, when the business was sold to Partygaming (now GVC Holdings).

Sportech’s board continues to review candidates to identify an additional independent non-executive member to further strengthen the group.

Shares in Sportech plc (LSE:SPO) were trading down 0.60 per cent at 33.00 pence per share in London Tuesday morning.