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CCGC GOING IT ALONE ON LIVE DEALER INTERNET GAMBLING
Posted 1/6/11: eath of Kenilworth CEO changed things, says operator
The joint venture that saw New York-based Kenilworth Systems providing live dealer technology to land operator Caribbean Casino and Gaming Corporation's Sosua Bay casino has been brought to an end by the death last year of the Kenilworth CEO, according to a statement from CCGC this week.
The company announced that it has taken over all live video gaming "....because the ideals of the joint venture have changed. In fact, the outstanding balance due to CCGC from Kenilworth has forced CCGC to disband the former agreement."
CCGC chief exec Steven Swank commented, "Our normal course of action, as CCGC moves forward with its business, is to create greater profit centers in an emerging market. As of yesterday, [we have] dismissed the joint venture with Kenilworth, because of a breach of contract by Kenilworth. [Our] Live Video Internet Gaming will now receive 100 percent of all gross revenues from its ongoing internet expansion."
On July 27 last year Kenilworth Systems Corporation announced that Herbert Lindo, President and Chief Executive Officer, unexpectedly passed away on July 25, 2010.
The Kenilworth Board of Directors began a process to select a permanent new President and Chief Executive Officer, with Dan Snyder, an advisor to Kenilworth for several years, assuming the role of interim Chief Executive Officer.
The company revealed that Lindo had left the Board with a succession plan that included Snyder, Paul Terrell and Steve Wang. As at December 15 last year, Snyder remained in the CEO position.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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