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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.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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