Gigi Levy Resignation Not Due to Talks with Ladbrokes, Claims 888.com


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

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from Canada played Double Da Vinci Diamonds

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    19
  • Members Online
    330
  • Guests
    2,020
Highest Community Rated Online Casinos
NextCasino
  (126 Ratings)
Bet365 Games
  (151 Ratings)
CasinoLuck
  (199 Ratings)
Betsson Casino
  (191 Ratings)
Unibet Casino
  (116 Ratings)
Redbet Casino
  (122 Ratings)
Spin Palace Casino
  (104 Ratings)
Slotty Vegas
  (92 Ratings)
Guts Casino
  (149 Ratings)
Mr Green Casino
  (258 Ratings)
Betsafe Casino
  (169 Ratings)
32 Red Casino
  (274 Ratings)
ComeOn Casino
  (211 Ratings)
BitCasino.io
  (153 Ratings)
Winner Casino
  (318 Ratings)
Vera John Casino
  (160 Ratings)
Intertops Casino Classic
  (97 Ratings)
Sin City Casino
  (81 Ratings)
Jetbull Casino
  (90 Ratings)
Liberty Slots Casino
  (153 Ratings)
Thrills Casino
  (114 Ratings)
Intertops Red Casino
  (108 Ratings)
Ladbrokes Casino
  (141 Ratings)
Casumo
  (112 Ratings)
BETAT Casino
  (174 Ratings)
Whitebet Casino
  (81 Ratings)
PlayHippo
  (63 Ratings)
3Dice Casino
  (230 Ratings)
Slotland
  (272 Ratings)
River Nile Casino
  (90 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus