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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.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

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.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

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.

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