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Tuesday's meeting in London may include some shareholder fireworks
The increasing activism of British shareholders and institutional investors, especially in cases where executive remuneration and perks are perceived as being unnecessarily high, has become something of a trend recently.
Investors are increasingly restive about million pound pay days among banks and large corporates...and they are firing warning shots across the bows of company executives at annual general meetings.
The latest confrontation may take place at the William Hill plc agm next Tuesday, the Guardian newspaper speculated over the weekend, pointing out that 38 percent of investors chose not to back the gambling group's 2010 remuneration report, which showed that chief executive Ralph Topping's total pay rose by 56 percent to GBP 1.65 million.
Not that the advisory vote was effective - executives can ignore shareholders opinion polls, albeit at their ultimate peril.
This appeared to happen in 2011, when Topping was handed another GBP 1.2 million in shares and a GBP 60,000 salary increase, bringing his remuneration last year to GBP 1.71 million.
The newspaper notes that this year Topping's salary was up another GBP 50,000 to GBP 650,000 in salary payments alone, and hints that this may be the cause for some criticism next Tuesday.
A sobering thought is that for all his considerable responsibilities, experience and business acumen, Topping's monthly take-home is nowhere near that of some of the twenty-something football players who so often occupy the front pages of the UK tabloids for all the wrong reasons.

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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.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

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.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

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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