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Martin Higginson Ceo of betplaytv resigns

Was BingoStars Higginson's downfall?
 
The official reason for the departure from NetplayTV of CEO Martin Higginson is his desire to focus on his own investment company, but industry observers this week were speculating that the spectacular failure of the group's Bingo Stars television adventure earlier this year may have influenced his decision to move on.
 
After a six month trialling period on ITV the company called it a day on BingoStars, admitting in a profit warning that it had been a costly failure. That was followed by a Netplay restructuring that included inviting interested parties to make offers on its Bingo assets, thought to be worth several millions of pounds sterling.
 
Earlier this month there was still enough steam left to raise over GBP2 million through a share placing, although the share price had declined to the 5p level.
 
Higginson, who founded the company and was the author of its impressive growth through innovative deals, will not be entirely lost to NetplayTV. A company statement notes that he will support his management successors in the immediate future, and will be available to consult on company strategies going forward.
 
His successor as CEO has been named as current MD Charles Butler, who has been with the company for almost a year and has previous industry experience at Bowman International.
 
In a company statement, Butler paid tribute to Higginson, saying:  “Martin has used his considerable entrepreneurial skills, energy, and vision to grow NetPlayTV from being a small entrepreneurial business to a major UK media business. It now delivers its unique converged TV, internet and mobile casino product on both ITV1 and Channel Five.
 
“It is my job to now build on these solid foundations. With the recent placing successfully completed, the company has been placed on a firm footing, with a clear strategy, and a renewed focus on the core live casino product. I am confident that 2011 will be a very productive year.”
 
Higginson was similarly courteous to his successor, explaining: “The recent successful placing and implementation of our revised strategy has created the opportunity for me to hand the reins over to Charles. I have enjoyed working with him over the past 12 months and I am confident he has the right skills to take the business to new heights.”

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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