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STEPHEN MORANA APPOINTED AS INTERIM CEO OF BETFAIR

December 14,2011 :  Finance man takes over when Yu departs at the end of this year
 
The UK online gambling group Betfair plc has confirmed that Stephen Morana, group chief financial officer since 2006, will become Interim CEO as of 1 January 2012. David Yu will step down as CEO and as a director on the 31 December 2011.
 
Morana will fill the post until the arrival in August 2012 of Breon Corcoran on completion of his responsibilities with Paddy Power.
 
Betfair chairman, Edward Wray, said this week in a press statement: "On behalf of the Board, I would like to thank David for his significant contribution to the business over the last ten years. During his time with us he has been instrumental in building Betfair into one of the world's largest international online sports betting operators. We are grateful for all his work and wish him well for the future.
 
"I am delighted that Stephen will be taking on the role of Interim CEO. He has been with the group since 2002 and all those who know him appreciate that his knowledge, understanding and passion for the business make him the ideal person to lead the company until Breon joins next summer.
 
"Stephen has the full support of the Board and will be assisted in his role by our strong management team. I look forward to seeing him keep up the momentum that Betfair has and continue to grow the business during this time."
 
David Yu said that he had thoroughly enjoyed his time at Betfair.
 
"When I started back in 2001, we were a small team of just 40 people in London generating revenues of around GBP 400,000 and we are now the largest betting exchange in the world, with 2,000 employees and revenues of nearly GBP 400 million. I am very proud of my achievements at the company and feel confident that I leave it in great shape and with a bright future."
 
Moran said that he was looking forward to providing the strategic direction the business needed until Breon Corcoran arrived.
 
"We have an excellent management team in place, strengthened by recent hires. I am confident we can maintain the current positive momentum and continue to drive the business on," he said.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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