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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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$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

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NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

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