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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.”
Oink Country Love Slot Launches -
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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