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BETFAIR CONFIRMS CORCORAN APPOINTMENT
Sunday November 13, 2011 : Major betting group confirms speculation that it has hired Breon Corcoran as CEO
Betfair has confirmed rumours circulating earlier this week that Paddy Power's chief operating officer, Breon Corcoran (40), has been hired as chief executive officer after a five month search for a successor to current incumbent David Yu.
The appointment will come into effect only in August 2012, the company revealed.
Corcoran took over the chief operating officer responsibilities at Paddy Power last year, the culmination of a nine year career with the company, during which he has directed online, mobile and Australian operations with distinction. Prior to joining Paddy Power, Corcoran worked for J.P. Morgan.
Commenting on Corcoran's impending departure, Patrick Kennedy, chief executive of Paddy Power said: "Breon has made a strong contribution to the development of Paddy Power over the past 10 years and we thank him for this. We wish him success in the future".
Corcoran said in a Betfair statement: "Betfair's unique technology provides the company with a fantastic position in the online gaming industry and I believe it has a bright future ahead of it. I am very pleased to have the opportunity to lead the company and look forward to working closely with the Betfair team to grow the business further."
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Gambling News :
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.
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.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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