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SHAREHOLDERS APPROVE WILL HILL REMUNERATION
Tuesday, May 8,2012 : SHAREHOLDERS APPROVE WILL HILL REMUNERATION (Update)
Predicted shareholder revolt did not take place, but a warning marker has been placed.
The salary and perks paid to William Hill plc's top-performing CEO Ralph Topping failed to rigger any significant shareholder revolt at the agm Tuesday, with Sky News reporting that the remuneration committee's recommendations had been narrowly accepted.
However, the warning shot was the 49.8 percent vote against the GBP 1.2 million “retention bonus” and 8.3 percent pay rise.
Chairman Gareth Davis emphasised the success that 41-year-service William Hill veteran Topping had once again brought to the table, stressing that the generous award was for success, not failure, and that top notch chief executives, especially with industry experience and acumen, were not easy to find.
“Ralph has done a remarkable job,” Davis said. “He was appointed four years ago in very different circumstances and he has turned round the company’s performance.”
Media and business analysts had predicted that the current trend toward shareholder activism in the UK, and the aversion of shareholders to super-remuneration packages for corporate execs, would spread to the Will Hill agm.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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