John Allen the CEO of the Racing Industry Transition Authority (RITA), has confirmed his retirement and said that he would be stepping down by the end of the year.
In his official statement, Allen talks of his retirement and says that it is his decision.
“I have been here for over four years and I only ever intended staying for five so the time is right. I think the time is right because some of the key projects we have been working on are now in place, like the FOB [fixed odds betting] and a lot of the legislation recommended by the Messara report is close to being finalized.”
Often times, Allen has faced criticisms for not generating optimum returns. However, responding to the allegations,
Allen said: “We have had decreased turnover because of the disruption to punters when the new FOB platform came online but that is a one-off that won’t happen again and we had a tough period at the end of last year with margins, but they have since bounced back.
But I also think the racing industry hasn’t been helped by delays in securing the money we could have had from Race Fields legislation and some of the other extra revenue we expect to come online.”