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Need for new blood on the Bwin.Party board

Sunday May 11,2014 :  BWIN ACTIVIST INVESTOR GETS A BOOST (Update)
 
Investment advisers support the need for new blood on the Bwin.Party board.
 
Two investment advisory firms have voiced support for suggestions by an activist investor that the board of Bwin.Party Digital Entertainment needs an infusion of new blood and thought.
 
The proposal the election of four new directors to the board comes from Jason Ader's SpringOwl investment company, which holds a 5.2 percent stake in the online betting giant, and has been agitating for change as the company battles with underperformance and a share price that has declined alarmingly.
 
The current management at Bwin has been fighting off Ader's interference; urging shareholders not to support his bid to vote in four new directors at the company's agm later this month
 
Investment advisory firm Glass Lews & Company said Friday that the Ader faction had made a compelling case for board level change in its proposals to address poor shareholder returns.
 
The company seems unimpressed with the counter-arguments so far put forward by Bwin management against the proposals, and by the generous executive remuneration packages recently awarded to top managers despite the weak performance of the company.
 
Similar views were expressed by ISS, which said that after reviewing the arguments put forward by both sides, it felt that SpringOwl had established that changes at board level were desirable
 
Taking advantage of the boost, Ader was quick to issue a statement urging shareholders to support his proposal at the agm, whilst Bwin Management stuck to its guns in opposing his initiative.



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International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

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