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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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Box 24 Launches 3 New Slots - This week sees the addition of 3 New Games at Box24 Casino. Check them out they all seem pretty interesting.

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

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