Betfred’s Chief Operating Officer announces his departure after over 30 years of service

Mark Stebbings, the Chief Operating Officer at Betfred, has publicly shared that he will leave the organization by the end of this week. His professional journey, spanning almost three decades with this leading operator, was confirmed on LinkedIn. betting and gambling He has set September 29 as his formal exit date, keeping his future endeavors a secret. At this point, the organization hasn't disclosed any details about who will fill the shoes of this vastly experienced executive.

“After almost three decades with Betfred, I believe the time is right to take my leave. Being part of Betfred's remarkable growth journey fills me with pride.

Stebbings wrote on his LinkedIn page:

“I owe a huge debt of gratitude to Fred Done, who has been an exceptional guide and a firm believer in my potential, supporting me every step of the way from my early days as a trainee betting shop manager to eventually becoming the group's Chief Operating Officer.”

Stebbings remains optimistic about Betfred's continued expansion and wishes Fred Done, Betfred’s co-founder, along with the entire team, great success. He mentions taking a brief hiatus to enjoy some family time before choosing his subsequent career path.

The departure of Stebbings marks the second significant leadership transition at Betfred this September. Earlier this month, Betfred named Kresimir Spajic as the new CEO of Betfred USA, where he'll helm both the strategic and operational horizons of the sportsbook across ten states in the U.S.

Betfred holds lawful operations in these states:

Kresimir Spajic, now with Betfred, carries with him extensive expertise gained from pivotal roles in prestigious gaming enterprises. Before joining Betfred, he gained substantial experience working with firms like Bwin, Hard Rock International, Borgata, Rush Street Interactive, Apollo Global Management, and Great Canadian Entertainment.

• Nevada
• Pennsylvania
• Colorado
• Louisiana
• Arizona
• Iowa
• Washington
• Virginia
• Ohio
• Maryland

With Spajic’s arrival at Betfred USA, the previous Chief Operating Officer, Bryan Bennett, decided to step down from his position last week. Bennett concluded his tenure on September 22 after close to three years in the role.

Similar to Stebbings, Bennett took to LinkedIn to announce his resignation, saying:

“This journey has been nothing short of exhilarating, challenging, gratifying, sometimes daunting, and undoubtedly memorable. Often all these emotions have happened simultaneously, yet monotony has never crept in. Though there is still much to accomplish, I am departing with confidence, leaving everything in capable hands, especially with Kresimir Spajic's appointment as the U.S. CEO—a move promising an exciting future for the company.”

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