11th of April 2011 Author: Natalie Stephanopoulos
888.com is waiting for a new CEO
It was reported by the press this weekend that 888.com's chief executive, Gigi Levy has resigned his position. It was a surprise, and 888.com was fast to give a public statement that his departure has nothing to do with reported ongoing negotiations between 888 and Ladbrokes, the online and land gambling rival group. The 888.com stated that Levy did a very good job in the first two quartiles of 2011, and that he had left the company well positioned.
Back in 2007, the first round of talks between the two companies turned out to be a failure, then since December, 888 has been in negotiations with Ladbrokes again about a possible takeover. According to some sources, the negotiations stopped after 888's shareholders rejected an initial offer of 70p per share. It is also reported that Ladbrokes considered whether to make a higher bid.
It was announced that Levy's stepping down from the position of an internet executive position has to do with his own interests after five years in the company, where he spend four years as a chief executive. 888.com stated that Levy will stay a member of the board of directors, and in the next 6 months he will help the company to find a replacement. The deputy chairman and non-executive director, Brian Mattingley will “work closely with management on all aspects of the business” while waiting for a new CEO, it was added.
General Gambling News Gambling Law & Society News
17th of April 2011
6th of February 2011
25th of May 2016
14th of May 2016
26th of March 2016
24th of March 2016
6th of April 2016
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2016
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here