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Elmer Funke Kupper Resigns

Monday, March 21, 2016 : FORMER TABCORP BOSS RESIGNS TO FIGHT CAMBODIAN ONLINE CORRUPTION ALLEGATIONS (Update)
 
After four-and-a-half years as m.d. of the Australian Securities Exchange, Elmer Funke Kupper steps down.
 
The announcement last week that Australian federal police are investigating allegations of a Tabcorp bribery attempt to secure Cambodian online gambling approval has been followed by the news that former Tabcorp chief executive and current m.d. of the Australian Securities Exchange, Elmer Funke Kupper, has resigned.
 
Funke Kupper wanted to “direct his full focus to the investigations which may be made,” ASX chairman Rick Holliday-Smith said in a public statement Monday.
 
Holliday-Smith will act as executive chairman while ASX looks for Funke Kupper’s replacement. Funke Kupper has been with ASX for the past four-and-a-half years as managing director.
 
He headed Tabcorp between 2007 and 2011 prior to joining ASX, and there have been allegations that under his stewardship the Australian betting company  in 2010 made a questionable payment of A$200,000 as it sought an online gambling licence in Cambodia.
 
Analysts generally felt that Funke Kupper had done the right thing; one commented:
 
“Corporate governance is a big thing and people need to have faith and trust in the market. It makes sense for the ASX to let him go if that’s what he needed to do.”
 
Funke Kupper’s departure at ASX comes as consolidation among global exchanges accelerates. Last week, Deutsche Boerse AG agreed to acquire London Stock Exchange Group plc, a deal that may kick off a bidding war. The merge could create the world’s biggest exchange operator by revenue and second-largest by market value.

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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