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Scientific Games Management Changes
SCIENTIFIC GAMES SHARES TANK ON NEWS OF MANAGEMENT CHANGES (Update)
Fridays news that Gavin Isaacs is to step down as CEO triggers a shareholder reaction.
The announcement Friday that the respected Scientific Games CEO Gavin Isaacs has handed the reins over to former Norwegian Cruise Lines chief executive Kevin Sheehan had an unintended and immediate consequence...the groups share price dived 16 percent in Friday trading.
Analysts attributed the plunge to investor concerns that Sheehan, whilst an accomplished businessman, has no experience in the gambling business, but also to what some described as the "almost cult status" that Isaacs enjoys in the industry as a skilled and experienced chief executive.
In fact Isaacs is not leaving the group, but takes up a post as vice chairman of the board, supporting owner and chairman billionaire Ron Perelman. Nevertheless, it appears that there are shareholders worried about the prospect of the business continuing to prosper without his direct oversight.
The decline in share price to $8.53 Friday was the biggest intraday loss experienced by the company since last November and followed the same-day posting of results that included quarterly revenue above expectations at $729.2 million and operating income up at $46.7 million compared to a loss of $800,000 in the corresponding quarter a year ago.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
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 -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
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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