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Stan James Says there not being acquired
Tuesday September 16,2014 : STAN JAMES CORRECTS ‘IMMINENT ACQUISITION’ REPORT
CEO expresses surprise at "inaccurate" industry reports.
Reports in industry media that the Gibraltar-based online and land bookmaking group Stan James plc is about to be sold off as a result of the new UK point-of-consumption regulatory and taxation moves have been called into question by the company.
Commenting on the potentially alarming claims for its employees, chief executive officer Denis Kelly said Tuesday:
"We were surprised at the article published by the EGR as it is not accurate.
"Yes, there have been redundancies. We have reduced the Product team by four, with the expectation to open up two more appropriate vacancies presently. This was in preparation for nothing other than the business requirements in creating efficiencies within our cost base, having agreed our development road map and investment for at least the next twelve months.
"To address the speculation on whether or not Stan James is for sale, it would be madness to suggest that there wasn't a price point 'somewhere' as there is with absolutely any business you can think of.
"However, there is no 'for sale' sign outside the door and we intend to face any challenges presented by the POC tax head on, while we continue to grow the brand."
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
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Sensational Sixes Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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