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ANTI-ONLINE GAMBLING INVESTOR BUYS INTO BWIN.PARTY
Wednesday February 19,2014 : ANTI-ONLINE GAMBLING INVESTOR BUYS INTO BWIN.PARTY
If the name Ader is familiar...think IGT.
In an interesting industry development this week a familiar name - Jason Ader - cropped up in the purchase of a 6.1 percent stake in online gambling group Bwin.Party Digital Entertainment.
Our readers who recall the at times distasteful public wrangling over seats on the board of IGT last year will be aware that one of the leading critics of CEO Patti Hirst...and for that matter a strong protagonist against online gambling...was Jason Ader of Ader Investment Management.
Ader appeared to feel that Hirst should be focusing on IGT's core business and eschewing social and online gambling, but it seems that his views have changed following a deal with Cumberland Associates which saw the birth of a US investment vehicle titled SpringOwl.
SpringOwl is the hedge fund investor that has putatively bought a 6.1 percent share in Bwin Party from founders Ruth Parasol Deleon and James Russell Deleon... and can claim a seat on the board.
Ader is also a member of the board of Sheldon Adelson's Las Vegas Sands Corporation, opening the door for any number of theories regarding his intentions.
Bwin.Party has been struggling in recent years due at least in part to a policy of disengagement with unregulated markets, and deciding to screw over affiliates by changing agreements after they were signed
Gambling News :
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.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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