..

888 Holdings Chief Executive Officer Gigi Levy Steps Down

Written by:
Guest
Published on:
Apr/10/2011

(Bloomberg News) - 888 Holdings (888.com) the U.K.-listed Internet gambling company that may be bought by Ladbrokes, said Chief Executive Officer Gigi Levy is stepping down “to pursue other interests.”

Levy, who joained 888 Holdings  in 2006 and took over as CEO the following year, will remain on the board, the Gibraltar- based company said in an e-mailed statement today.

“Following very strong trading in the first quarter of 2011, which has continued into the second quarter, Gigi has decided to step down, leaving the company well positioned for the future,” the company said in the statement.

888 Holdings, which supplies services to Caesars Entertainment Corp., has been in talks with Ladbrokes since December on a possible takeover. A previous round of talks between the companies ended in 2007.

Brian Mattingley, deputy chairman and non-executive director at 888, will “work closely with management on all aspects of the business” pending the appointment of a new CEO, according to the statement.

Rachel Graham Reporting

 

As always, you can Follow us on Twitter for all the latest breaking gambling news. (Get all the latest breaking business stories)

Business/Financial News

PricePerPlayer.com Expands its Operations with a New Office in the Philippines

PricePerPlayer.com Expands its Operations with a New Office in the Philippines

San Jose, Costa Rica – Sports Betting Software Development company PricePerPlayer.com is expanding its operations by opening a new office in the Philippines. The new offices will be a satellite office in Bonifacio Global City and will be known as Price Per Player Asia.

Bookie Pay Per Head Demo

PricePerPlayer.com offers prospective clients a chance to try their Pay Per Head software through a free two week demo.

Coingeek News

Here you will find all the latest news pertaining to and coming from Coingeek.com, a site founded by Gambling911 good friend Calvin Ayre.

Top 5 Tips: How To Become A Profitable Bookie In 2019

Top 5 Tips: How To Become A Profitable Bookie In 2019

Hello, money-making enthusiasts! Premier Per Head is back with another mind-blowing episode. Today we have a special guest joining us. None other than Premier’s own GM , Matty Morandi. "

Price Per Head Sportsbook Solutions

Price Per Head Sportsbook Solutions

If you are looking to be a bookie and accept wagers on various sports then the best option is to look for a price per head solution.

Syndicate