Earlier, he has also served as Chief Financial Officer.
He was functioning as Chief Operating Officer of the company since July this year. Sproule was serving the company since 2002. In another development, the Board of Directors of the company appointed Gary Sproule as Interim Chief Executive Officer of the online advanced deposit wagering company effective December 11, 2007. Champion with the assistance of a new management team brought the company back from the brink of collapse by engineering a remarkable turnaround in the company's core ADW business.ĭuring his tenure, the company's wager processing through organic growth and acquisition progressed more than seven-fold, to $750 million from $110 million between 2002-06, which resulted in a 45% share of the US ADW market. At that time the company was in a very bad shape. The company employed Champion in May 2002. He will also provide advice and assistance as requested by the Director Board.
The Woodland Hills, California-based company said, however, Champion will continue with the company to oversee a smooth transition effectively to a new CEO. His resignation will be effective December 11, 2007.
( UBET), a provider of technology and pari-mutuel horse racing content through Internet and telephone platforms, announced the resignation of Charles Champion as the company's Chief Executive Officer and Chairman of the Board, to pursue other opportunities.
