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Gary Loveman Stepping Down as Caesars CEO
Friday February 6,2015 : CAESARS CEO STEPPING DOWN
Loveman succeeded by Hertz Corporation’s former chief executive officer
Caesars Entertainment’s chief executive officer Gary Loveman is stepping down after 12 years in the hot seat but will continue to serve as chairman of Caesars Entertainment and Caesars Entertainment Operating Company (CEOC).
The move was described by Loveman as “the start of transitioning management of the company”.
Mark Frissora (59), former chairman and chief executive officer of The Hertz Corporation, has been appointed as chief executive officer designee, formerly assuming the title of chief executive officer on July 1, 2015.
It’s an interesting choice, Frissora left The Hertz Corporation after seven years of service under a cloud in September 2014 following a call for his resignation by activist investor Carl Icahn over a range of issues including lack-lustre fiscal results. Icahn said Frissora’s leadership had produced a “lack of confidence” at the company.
Frissora will work alongside Loveman and the board to familiarise himself with operations, the leadership team and the regulatory licensing process, a company statement said.
“My decision to begin to transition management now comes with the confidence that we have taken the steps necessary to ensure the company's long-term success,” Loveman said. “I am confident that the efforts underway to address the capital structure of CEOC and the announced merger of Caesars Acquisition Corporation and Caesars Entertainment will position Caesars for growth and prosperity for many years to come.”
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
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