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Javaid Aziz calls for Extraordinary General Meeting

The former CEO of online gambling software provider Cryptologic, Javaid Aziz, is pressuring the company for an Extraordinary General Meeting of shareholders. Aziz, who holds 12.5 percent of the company's stock, has enlisting the support of other shareholders, and has been critical of the direction in which the company is headed.
He recently sent a letter to the board expressing his view that the company should promptly execute on a

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recovery plan designed to stabilise revenues, streamline size and operations, achieve cost reductions, more effectively manage cash flows, and take other steps to improve operating and financial performance.
Aziz, who was chief executive of Cryptologic between April 2007 and February 2008, additionally asked for two board nominees in his original demands for better performance from the company, but this was rejected by the board of directors, who felt that the current management was already engaged in addressing some of the criticisms raised by Aziz.
This appeared to be the case last month, when the company announced some $13 million in operating cost cuts and forecast net profits of $9 million - $10 million for 2009.
Aziz stands to benefit if there is a change of management control at Crypto prior to the end of April 2009. In addition to a GBP1.2 million departure cheque, his farewell agreement included a clause entitling him to an additional bonus of Euro1.5 million should that situation eventuate.
A CryptoLogic spokesman said that Aziz's latest letter was under review by the board of directors.

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Microgaming has donated £30,000 between four charities - Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.

Entertainment Betting Odds: 90th Academy Awards - The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.

New era of poker in Baltics with The Kings of Tallinn - The Main Event at the festival has already attracted big names like Juha Helppi and Kimmo Kurko. These two are Finlandís all-time poker tournament winners.

Fair Play Bets and QuickFire in Deal - Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.

Cavaliers Aim to Take Down Wizards on 2/22/18 - The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.

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