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Javaid Aziz vs. Cryptologic Update
The dispute between online gambling software provider Cryptologic and its erstwhile CEO Javaid Aziz made it into the pages of the venerable UK business newspaper The Financial Times this week.
The newspaper reported on the events leading up to the latest rejection by Cryptologic of Aziz's demands for an extraordinary general meeting and a presence on the board, and commented that Aziz has been trying to re-establish a foothold to control the company after his departure last year from the CEO position.
The report claims that Aziz has been trying to have the Cryptologic group's chairman removed, and that he is campaigning for a change in company strategy.
The Financial Times notes that in a sign of the intensifying hostilities between the two parties, CryptoLogic has accused Aziz of “inappropriate conduct” during his brief tenure at the company. Stephen Taylor, chief financial officer, said Aziz made repeated demands for money and threats to sue while he was at the helm.
Aziz has dismissed the attack as an attempt to distract shareholders from what he alleges is a problem of corporate governance at the company.
The former CEO said he never asked for money and that his grievance was over the strike price of the share options that he was granted. He said they were artificially high and were based on what he believed was a misrepresentation of the company’s financial situation at the time when he was hired – allegations that CryptoLogic denied.
CryptoLogic also questioned whether Aziz was fit to join the board and released copies of e-mails he had sent threatening to go public with allegations that the company had been “blatantly lying” about the impact of the Dutch government’s decision not to allow Holland Casino to launch an online gaming site.
Earlier this week Cryptologic revealed that it was seeking legal advice with a view to a possible action against Aziz.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
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.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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