UK Tote names James Coxon CEO and refocuses on pool betting

UK Tote Group said it will prioritise UK and international horse-racing pool betting, including World Pool, while reducing investment in its direct-to-consumer digital business. The company said the change will lead to job losses in the digital operation, partly offset by new B2B roles, while Tote.co.uk and Tote.ie remain available for online betting. James Coxon will succeed Alex Frost as chief executive; Frost is due to become an executive director in 2027 and a non-executive director the following year.