Corporate Moves: Betfred Group’s COO Mark Stebbings announces resignation

Mark Stebbings, the Chief Operating Officer (COO) of Betfred Group, has announced his resignation, which will take effect later this week. Stebbings confirmed that he will be leaving his position at the end of the month via his social media posts. After nearly three decades with Betfred, Stebbings expressed that it is the right time for him to depart, highlighting his pride in being part of the company’s remarkable growth journey.

Tribute to Fred Done

He expressed gratitude to Betfred founder Fred Done for his mentorship and unwavering belief in him as he rose from a trainee betting shop manager to group COO. Stebbings acknowledged that his last week in the role would be emotional as he bids farewell to many colleagues he has worked with for years. He expressed confidence in Betfred’s continued growth and wished Fred Done and the team ongoing success.

Following his resignation, Stebbings intends to take a brief break to spend time with his family before considering his next career steps, according to his LinkedIn post.

Industry stakeholders, including Avenue H principal Benjie Cherniak and Stephen Crystal, who collaborated with Stebbings on Betfred’s expansion into the US market, extended their well wishes.

Betfred searches for new Group COO

Betfred is expected to begin the search for a new group COO following Stebbings’ departure, although the company has yet to issue an official statement on this matter.

In a related development, Bryan Bennett, COO of Betfred USA, also announced his departure from the company, He described his time with the operator as both challenging and rewarding, and referred to the experience as beinng exciting.

Betfred’s online operations are currently active in seven US states: Arizona, Colorado, Iowa, Ohio, Pennsylvania, Virginia, and Maryland. Additionally, the company operates retail sportsbooks in Louisiana, Nevada, and Washington.

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