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Gerald Corbett new Betfair Deputy Chairman

December 7, 2011 :  Gerald Corbett accepts appointment and will eventually replace co-founder Ed Wray as chairman
 
The Betfair online gambling group has announced the appointment of Gerald Corbett to its board of directors, effective 3 January 2012 and with the responsibilities of Deputy Chairman.
 
Corbett has considerable City experience having been a director of eleven public companies, four as chairman. He is currently chairman of Britvic Plc, Moneysupermarket.com Group Plc and the Royal National Institute for the Deaf. He is also a non-executive director of the investment and stock broking business, Numis Securities and of Towry Holdings Limited.
 
His career includes spells as chairman of SSL International plc between 2005 to 2010, where he oversaw the successful sale of the business to Reckitt Benckiser. He was chairman of the Woolworths Group plc between 2001 and 2007, and a director of Greencore Group between 2004 and 2010.
 
Corbett was CEO of Railtrack plc between 1997 and 2000. Previously, he was Group Finance Director for Grand Metropolitan plc and Redland plc. He has also served on the boards of MEPC plc and Burmah Castrol plc.
 
"At the time of the IPO Betfair made a strong commitment to move towards full compliance with the Combined Code on Corporate Governance and with this in mind, Gerald will take over from co-founder Edward Wray as Betfair chairman during the first quarter of 2012," the announcement advised. "At that point the Board will be compliant with the Code in all respects."
 
Current chairman, Ed Wray, said: "I am delighted that Gerald is joining the Board. His considerable experience of both the City and the commercial world will be a real asset to the Board and the business.
 
"This appointment lays the foundations for us to complete our succession plan and enables us to revert to standard governance practice. I look forward to working with Gerald and ensuring a smooth transition for him into the role of Chairman."
 
Corbett said: "The business has achieved a huge amount in its first eleven years and I look forward to working with my new colleagues on the next phase. There are opportunities and challenges and we are well positioned to continue our success."

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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