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888 chief executive, Gigi Levy, is stepping down
Written On 4/11/11 By Recentpoker.com staff writer Lenny Wasman :
LEVY DEPARTURE NOT ASSOCIATED WITH LADBROKES TALKS
888.com CEO is on the move
The news that online gambling group 888.com's chief executive, Gigi Levy, is stepping down surprised many when it was released over the weekend, but 888 has been quick to emphasise that his imminent departure is not connected to the reported acquisition negotiations on-going between 888 and rival online and land gambling group Ladbrokes.
Announcing Levy’s resignation, 888 said that the high profile internet gambling executive would be pursuing his own interests after five years with the company, four of them as its chief executive. The intention is that Levy will remain a member of the board of directors, committing up to half his time over the next six months to help find a replacement.
It is not at this stage known what Levy's future plans are. The 888.com announcement noted that strong Q1 trading continuing into Q2 2011 had left the company well positioned for the future.
888 has been in talks with Ladbrokes since December on a possible takeover. A previous round of talks between the companies ended in failure in 2007. According to some reports, in the present negotiations an initial offer of 70p per share was rejected by 888's founding shareholders, and Ladbrokes is reportedly now considering whether to make a higher bid.
Brian Mattingley, deputy chairman and non-executive director at 888, will “work closely with management on all aspects of the business” pending the appointment of a new CEO, according to the statement.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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