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News Bite: Betfair Australia CEO Steps Down

As highlighted in the iPokerVIP News feature on Betfair and its struggles since going public, the betting exchange has been swept by a wave of middle management departures. The list is more than 15 long, including outgoing Chief Executive David Yu, who in June announced plans to step down as chief executive next year.

And it only continues to grow. Andrew Twaits, Chief Executive of Betfair Australia, has now resigned. Twaits joined the betting exchange in April 2005 and will step down in February next year.  

No reason has been given for his departure. Both Twaits and Betfair declined to comment.

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