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Jason Ader To Name Bwin.Party board nominees today

Thursday April 17,2014 :  ADER TO NAME BWIN.PARTY BOARD MEMBERS TODAY (Update)
 
SpringOwl driven by the need for a better share price.
 
London's Telegraph newspaper reports that SpringOwl investments, a US company operated by American activist investor Jason Ader, is to confirm its Bwin.Party board nominees today (Thursday).
 
Ader secured a 6.1 percent interest in the European betting group earlier this year (see previous InfoPowa reports) and has been critical of the manner in which it is managed.
 
Ader's investment - he bought the shares from Party Gaming founders Russ DeLeon and Ruth Parasol when they divorced - makes SpringOwl Bwin's second largest investor.
 
Ader will nominate four directors for the Bwin board, giving SpringOwl influence in the management of the company; he has been upfront about SpringOwl's priority, which is to boost a lagging share price.
 
Spring Owl has so far proposed Michael Fertik, an American tech entrepreneur, Francis Grady, the founder of a law firm dedicated to US banking regulation, and Kalendu Patel, a venture capitalist with a technology background as its board representatives.
 
On Thursday morning Bwin.Party issued a statement noting that SpringOwl Gibraltar Partners B Ltd had informed the company that it intended to requisition the nomination of four additional directors to the Board.
 
"The Company has subsequently received a formal requisition notice from SpringOwl’s legal advisers containing brief details of each candidate, a covering letter from Mr Jason Ader and formal notice to be put to shareholders," the company said, adding:
 
"In accordance with the laws of Gibraltar, the company will be circulating the details of SpringOwl’s proposed nominations to shareholders ahead of the Annual General Meeting.  The Board is considering SpringOwl’s proposal and will make a further announcement in due course."



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

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.

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