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New CEO For Scientific Games

Wednesday June 11,2014 :  SCIENTIFIC GAMES NAME NEW CEO
 
Seasoned gaming veteran takes on top job
 
Gavin Isaacs has been named president and chief executive officer of Scientific Games Corporation (SGC) succeeding David L. Kennedy with immediate effect.
 
Issacs most recently served as chief executive officer of SHFL Entertainment when the company was bought by Bally Technologies.  Previously he served as executive vice president and chief operating officer of Bally Technologies.  Prior to that, he has held numerous senior positions with Aristocrat Leisure Limited as head of global marketing and business development, managing director of Aristocrat's London-based European subsidiary and president of Aristocrat's Las Vegas-based subsidiary Aristocrat Technologies Inc.
 
He is also a Trustee and former president of the International Association of Gaming Advisors.
 
"Gavin is a very talented and seasoned gaming industry executive with the necessary skills to lead our Company to the next level of growth and performance," commented Ronald O. Perelman, Chairman of the Board of Scientific Games.  "He has an impressive track record of success and is recognized for his dynamic leadership.  We believe his focus on customer relationships, strategic thinking and expertise in growing innovation-focused businesses make him the ideal choice to lead our efforts to achieve greater profitability and increased cash flow."
 
Perelman thanked David L. Kennedy for stepping up to lead the Company during the last six months and working with the Board to facilitate the CEO succession. “We were fortunate to have a leader of David's stature and experience at such an important time, and we are pleased that he will continue to serve the Company and our stockholders as Executive Vice Chairman."

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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