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NEW CEO AT BALLY TECHNOLOGIES

Sunday November 18, 2012 :  NEW CHIEF AT BALLY TECHNOLOGIES
 
Succession plan in motion
 
Bally Technologies, Inc. is executing a succession plan that will see its current Chief Operating Officer, Ramesh Srinivasan, take up the position of President and Chief Executive Officer and Board Member on December 31, 2012.
 
Srinivasan succeeds Richard M. Haddrill who will become Chairman of the Board. Haddrill joined Bally as Chief Executive Officer in 2004, after serving as Chief Executive Officer of two successful public companies. Under his leadership Bally has doubled revenues and increased the share price almost four fold.
 
Haddrill commented, “Ramesh and I have been great business partners over the past 13 years across two companies and these changes reflect the continued natural evolution of our roles and responsibilities. We have built a deep group of leaders at Bally and Ramesh has proven his ability to lead the team.”
 
Srinivasan joined Bally in 2005 as Executive Vice-President of Systems and was responsible for shaping Bally’s Systems business into the industry leadership position. He was promoted to President and Chief Operating Officer in March 2011, assuming leadership for worldwide games, systems, and customer service. Under Srinivasan, Bally has positioned itself well to capitalize on the convergence of the games and systems businesses as well as emerging mobile and iGaming platforms. Previously he was a senior executive at supply chain software company, Manhattan Associates, Inc.

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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