UK Tote Group Appoints Two Directors with Business Expertise to the Board
The UK Tote Group has announced the appointment of Lord Spencer of Alresford and Mark Holt to its board as Non-Executive Directors. The Tote believe the pair have a wealth of business expertise in different areas and hope this will strengthen the board.
The Tote is the UK’s leading pool betting operator, with betting windows at all racecourses throughout the UK, and also has an online presence. The company recently reported a successful rise in revenue to £168 million across the 5-day Royal Ascot horseracing meeting in June. This revenue was up 35% from £123.9 million for the same meeting in 2021.
Lord Spencer is one of the 150-plus investors in the Tote Group, as well as being a leading entrepreneur in the UK, having founded the hugely successful ICAP plc and NEX plc companies. He also focuses on investing in companies in the early stages of their development. The Tote Group is keen to have Spencer’s business acumen within the boardroom.
Holt joins the board as a Tech Non-Executive Director, bringing his experience in Tech-based companies. This includes spells at CPO Global and Trainline, being part of teams tasked to implement technology transformations in these businesses. He has also worked in the banking sector at the cutting edge of modern technology.
During an exciting time of growth for the Tote we are delighted to appoint Lord Spencer and Mark to the UK Tote Group Board. Michael has been an investor in the Tote from the outset and continuing to share his unrivalled experience across the business world as a Board member will be an incredibly valuable support to our team. Mark’s technological expertise will be of significant benefit as we continue to develop and improve the Tote’s pool betting engine. Both Michael and Mark will support our outstanding executive team and the excellent work of our 170 employees in our Wigan HQ and London office.
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