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Ontario Lottery and Gaming Corporation
Beleaguered Ontario Lottery and Gaming Corporation chairman Paul Godfrey responded to a Toronto Star report that claimed the payroll for OLG staff earning CDM$100,000 a year had tripled to CDM$31 million since 2003. Godfrey said the number of CDM$100,000-plus earners is unlikely to go down because “it takes money to make money” as the corporation expands to offer Internet gambling in 2012.
As the Ontario Lottery and Gaming Corporation rebuilds from a series of scandals, the search for a new ceo will be suspended until top executive jobs are slashed by one-third, said Godfrey. Streamlining the executive will make it easier to hold senior vice-presidents accountable for improved results.
The search for a new chief executive — to replace what Progressive Conservative Leader Tim Hudak dubbed “musical CEOs” amidst troubles involving expense accounts and suspicious lottery wins — has been “deferred for a short period of time” until the executive ranks have been slimmed, likely to six vice-presidents from nine.
“Everything is up for review,” Godfrey said. Efforts include “major cost controls” and a detailed look at outsourcing functions throughout the corporation, such as information technology, to save money and boost profits for taxpayers.
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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.
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.
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.
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