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Poker: Rami Lerner Join Party Gaming
Rami Lerner is to replace the resigned non-executive director John Davy on the board of online gambling group Party Gaming, the company has announced. Davy informed the Board of his intention to leave the company on 19 February 2009 and his resignation from the Board takes effect from March 5th.
Emulating John Davy’s appointment in December 2007, Lerner’s appointment is made under the terms of the relationship agreement entered into at the time of the Company’s IPO in June 2005 by PartyGaming, Ruth Parasol DeLeon and Russell DeLeon.
Under the terms of this agreement, provided that the founding duo Ruth Parasol DeLeon and Russell DeLeon collectively maintain an interest in 15 percent or more of PartyGaming’s issued share capital, they are entitled to nominate an individual for appointment as a Non-Executive Director to the PartyGaming Board.
Ruth Parasol DeLeon and Russell DeLeon each maintain an interest in 14.22 percent - a total of 28.44 percent - of PartyGaming’s issued share capital.
54-year-old Lerner served in Israel’s Prime Minister’s Office from 1981 to 2003, finishing his career as an Executive Senior Officer. Between 2003 to 2005 he was the Chief Executive Officer of the Society for the Protection of Nature in Israel. Currently he is the Managing Director of his family’s investment fund.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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