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PartyGaming Boss Jim Ryan Awarded GBP 283 750 In Company Stock
Online gambling group PartyGaming's CEO, Jim Ryan has an added incentive to keep the company forward - this week he was awarded company shares worth more than GBP 280 000, six months after he was issued company shares worth almost GBP 1.5 million under PartyGaming’s Share Option incentive plan (ESOP). As the operational leader of the company Ryan gets 125 000 shares each year under the plan.
Ryan can cash in his shares at 227p each, so his latest annual tranche of shares is worth some GBP 283 750. In terms of his employment contract, Ryan received 645 100 shares late last year, which at the 227p exercisable rate were worth GBP 1.5 million.
Ryan has some daunting responsibilities in running the large and diverse group for owners Ruth Parasol and her husband Russ Deleon - the major shareholders. He has been closely involved in the difficult and protracted negotiations which this week finally saw the US Department of Justice let Party off the hook on a threatened prosecution for its pre-UIGEA activities in America...at a cost of $105 million spread over several years and regarded by most industry observers as good horse-trading. And with that cloud removed from its horizon, Ryan will be even busier expanding the group with merger and acquisition strategies.
Ryan's management colleague, finance director Marty Weigold has an even bigger incentive under the ESOP arrangement - he has been awarded 337 500 shares worth around GBP 766 000 at the excercisable rate, his third such incentive from the company which has given him shares worth a total of GBP 1.36 million.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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