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Changes at GamingVc

The AIM-listed online gambling group Gaming VC Holdings S.A. has announced key appointments and departures effective immediately, a move that caught most industry observers by surprise.
 
Richard Cooper is appointed Finance Director and Karl Diacono as Non Executive Director, replacing Gerard Cassels and Adrian Smith respectively, who will depart the company with immediate effect. No reasons were given in the company statement for the changes, leading to some speculation.
 
Cooper is a Chartered Accountant who spent the early part of his career in the money and stock markets where he was a finance director at Tullett Prebon and Fidelity. In later years, he has been the Group Financial Director at a number of quoted companies, including the internet financial software supplier, Patsystems Group plc. In early 2005, he became a founder director of Trident Gaming plc, a special purpose vehicle set up to acquire and run internet gaming assets. Trident acquired Gamebookers  significantly increased its profitability and then sold it to PartyGaming plc for three times its acquisition price. Trident also owned a betting exchange "BetBug" and a stake in an online payment processor. Cooper is also the compiler and author of a soon to be released compendium on the finances of over 70 online gaming companies.

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Diacono has experience in the corporate, hospitality and online gaming sector, both in Malta and internationally, having held senior executive and non executive positions in a number of privately owned companies in Malta, Italy and Cyprus. He is currently CEO of Fenlex Corporate Services Limited, Managing Director of Impetus Europe Consulting Group and a non executive director of various online gaming companies. He is also a Director of Gaming VC Corporation Limited, a Maltese subsidiary of Gaming VC S.A. to which Fenlex Corporate Services Limited also provides certain payroll and administrative services.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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