Betfair Australia appoints new CEO

Klok will step down as CEO in mid-October to join Crown but will continue to serve as a member of the company’s Board. Crown is one of Australia’s largest entertainment groups and has a 50% interest in Betfair Australasia, a joint venture established between the company and Betfair UK.

Edward Wray, Chairman and co-founder of Betfair said; “Anthony moved across to Betfair on secondment from PBL in 2006 to guide the initial stages of Betfair's establishment in the Australian wagering landscape. He will leave his position as CEO with the knowledge that Betfair is well placed to achieve its objectives in the Australian market. While we'll be sad to see Anthony go, we're delighted that he will retain a role in the business by staying on the company's Board.”

Andrew Twaits has been Betfair's Director of Corporate and Business Affairs in Australia since April 2005. He is a former lawyer and has previously served as General Manager of Legal and Business Affairs for Cricket Australia.

Wray added; “Andrew has been crucial to the company's continued growth in Australia over the last four years and is the natural successor to Anthony. He has worked alongside Anthony for the last two years and was the obvious choice to guide Betfair through the next stage of its development."

“The Australian wagering market is entering an exciting period and the Board is very confident in the ability of Andrew and the rest of the team to help Betfair realise its potential in this market,” he continued. Twaits will commence his new role on October 16th.