Update: Yu Leaves Betfair


Speculations confirmed by the company

Over the weekend the industry was abuzz with speculations that another executive may be leaving troubled online gambling company Betfair, and the rumors proved to be true as on June 27 the company confirmed that its CEO David Yu does not intend to renew his current contract which expires in October 2012.

Reportedly, Yu has informed the company’s Board that he believes it is the right time for the company to start looking for his successor, until which time he will remain fully committed to the company and to delivering the plans for future growth.

Yu was the one to take the company public in October 2010, after which its shares experienced a bitter drop - 52 percent on revenues of around GBP340 million.

According to Yu himself, "I have discussed my plans with the board and as a result, we are beginning the search for my successor. We are announcing this now so we can actively and transparently begin the process. I will remain committed to delivering the best for our people and our shareholders and will give the board all possible support during the succession process."

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!

5mins ago someone from United States read Video Poker Classic review

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    14
  • Members Online
    283
  • Guests
    2,183
  • New Posts
    229

Totals

Casino Of The Month

Casino of the Month

Highest Community Rated Online Casinos
Vera John Casino
  (129 Ratings)
Jackpot Capital
  (96 Ratings)
Slotland
  (219 Ratings)
BetVictor Casino
  (123 Ratings)
Aladdins Gold Casino
  (135 Ratings)
Win A Day Casino
  (227 Ratings)
High Noon Casino
  (174 Ratings)
CasinoEuro
  (89 Ratings)
Slotastic
  (82 Ratings)
Omni Casino
  (156 Ratings)
Platinum Play Casino
  (76 Ratings)
Red Flush Casino
  (106 Ratings)
Party Casino
  (91 Ratings)
GoWild Casino
  (223 Ratings)
Maple Casino
  (73 Ratings)
Casino Action
  (170 Ratings)
Club Gold Casino
  (194 Ratings)
Vegas Casino Online
  (132 Ratings)
GoldenCherry Casino
  (247 Ratings)
La Riviera Casino
  (43 Ratings)
Zodiac Casino
  (66 Ratings)
Win Palace
  (189 Ratings)
Slots Plus
  (110 Ratings)
Casino Titan
  (143 Ratings)
Pamper Casino
  (248 Ratings)
AC Casino
  (185 Ratings)
Cool Cat Casino
  (189 Ratings)
Club Player Casino
  (138 Ratings)
Wild Vegas Casino
  (125 Ratings)
Prism Casino
  (103 Ratings)