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Kambi Group plc announces financial targets at Capital Markets Day – European Gaming Industry News – European Gaming Industry News
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Conor Grant has been appointed incoming Chairman of Racecourse Media Group (RMG), the umbrella organisation for 35 British racecourse shareholders and guardian firm of Racing TV.
Grant will initially be part of as a Non-Executive Director on April 1, 2023 after which succeed Roger Lewis as Chairman on October 1, 2023.
Grant, an enthusiastic racehorse proprietor, brings to the position 24 years of expertise within the UK and Irish playing sector, together with 14 years in senior govt roles. He was most lately CEO of Flutter UK & Ireland, which incorporates manufacturers Sky Bet, Paddy Power, tombola and Betfair and, previous to that, was Chief Operating Officer of Sky Betting & Gaming.
In 2021, RMG’s racecourse shareholders had been paid £110m, a determine which can be exceeded for the media and information revenues generated in 2022. RMG is 100% owned by its racecourse shareholders and pays 100% of working revenue again to racecourses, which, in flip, advantages the game. This collective and collaborative strategy has enabled RMG’s companies to grow to be the largest single funder of British horseracing.
Grant mentioned: “I am delighted to be joining Racecourse Media Group at such an exciting time for the business and the broader racing industry. RMG has delivered outstanding results for its shareholders in recent years and I would like to pay tribute to Roger who has done a fantastic job, along with CEO Martin Stevenson, in growing and developing the business. I look forward to working with the RMG team and continuing to deliver for all of our racecourses”
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Nevin Truesdale, CEO of The Jockey Club and Non-Executive Director on the RMG Board, mentioned: “I am delighted to welcome Conor to the RMG Board and to be working with him as we further develop the business for the benefit of its shareholder racecourses. Conor brings significant and in-depth expertise to the industry, acquired over a long period of time, and this will help shape our strategies and address the challenges we are facing.”
Adam Waterworth, MD of Events at the Goodwood Estate and Non-Executive Director on the RMG Board, mentioned: “Conor brings a wealth of experience to the role, particularly through his senior roles at Sky Betting & Gaming, and then Flutter. He is perfectly positioned to take RMG forward and help build and strengthen our relationships across the industry.”
Outgoing Chairman, Roger Lewis, joined the RMG Board in 2012 and was appointed Non-Executive Independent Chairman on January 1, 2019. During his time on the Board, RMG has elevated its licence charges and dividend funds to its racecourses from £45m to over £110m. He was because of step down in 2022 however was requested by the Board to increase his tenure to help oversee the transition. Independent Non-Executive Director Andy Anson may even be stepping down, in April, having accomplished his full tenure on the RMG Board, which he joined in 2017.
Lewis mentioned: “It is a tribute to the workforce at RMG that we now have secured Conor as our subsequent Chair and all of us welcome Conor’s appointment. I’m assured that Conor will take RMG to even better heights within the years to return. On behalf of the RMG Board, I might additionally wish to thank Andy Anson, who has been a a lot-valued good friend and colleague of us all for the previous six years, chairing our Audit committee with nice ability and dedication.
“RMG is in great shape. We are about to announce record results for the past year and I congratulate the executive team at RMG for consistently delivering the best possible returns for our racecourses and the sport of horseracing”
Truesdale added: “I would like to pay tribute to Roger Lewis for a very effective and successful stewardship of RMG, a business which is of fundamental importance to the financial performance of racecourses and therefore to the whole sport of horseracing. On behalf of everyone at the Jockey Club, I would like to thank Roger for all he has done for the business.”
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