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Ladbrokes Board Changes
BOARD CHANGES AT LADBROKES
In anticipation of transition to Ladbrokes Coral merged business.
Ladbrokes announced changes to various non-executive director positions Wednesday as the company prepares to transition to Ladbrokes Coral.
Mark Clare was appointed Senior Independent Director (SID) and Chairman of the Social Responsibility Committee and Stevie Spring as Independent Non-Executive Director and Chairman of the Remuneration Committee, with immediate effect.
The appointments were made under the terms of the merger agreement between Ladbrokes and Coral which detailed the assignment of new non-executives and a SID that had not been part of either the Ladbrokes or Coral Board prior to the announcement of the transaction.
Current Non-Executive Directors of Ladbrokes plc, Sly Bailey and David Martin, have stepped down from the Ladbrokes Board with immediate effect.
Following these changes to the Board, Mark Pain was appointed a member of the Remuneration Committee, Mark Clare was appointed a member of the Nomination Committee and Remuneration Committee and Stevie Spring was appointed a member of the Audit Committee, Nomination Committee and Social Responsibility Committee.
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Gambling News :
Pokerstars Now Lead Sponsor of Global Poker League -
Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.
Betconstruch invests in Ucrafts -
BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.
Plus500 Founders Selling Off Shares -
Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.
Rush Golf Live Launches -
Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.
GreenTube and Chopsticks In Partnership -
Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.
Singapore Gambling Exemptions Granted -
The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.
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