Gary Smith, chief executive of SIS, has decided to leave the business “to pursue other opportunities” after almost five years in charge, the company said in a statement.

SIS CEO Smith steps down

SIS chairman Roger Devlin said: “The board would like to thank Gary for his dedicated service and contribution to SIS.

“During his tenure SIS managed to secure both the RMG Horse Racing and Irish Horse Racing rights. Gary will provide consultancy services for a short period to ensure a smooth transition during this change in leadership.

“Richard Ames has been appointed the new chief executive with immediate effect. Richard re-joined SIS as interim product director in November and has extensive experience in the betting and gaming sector, having previously worked at Ladbrokes for eight years, and most recently was CEO at Hornby.”

Ames added: “The team at SIS Betting is experienced and committed and I am looking forward to working with them.

“We will continue to deliver great service for our core retail bookmaker customers and new online customers, as well as broadening our product offer for both retail and online markets in line with our diversification strategy.”