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> 22 Feb 2007
Online Casino Company Directors Make Move
Directors of a leading online casino company, Bob Holt and Mark Blandford, have shocked the online casino industry by resigning from the highly profitable firm. Both men are rumored to have left the online casinos company in order to follow other business ventures with senior independent director, Sean O’Connor. He will assume the role of chairman of the audit committee, a position that was held by Holt.
‘As the company continues to drive further efficiencies from its business we have agreed to reduce the size of the board,’ said Chief Executive, Andrew McIver. Since the introduction of the UIGEA, or Unlawful Internet Gambling Enforcement Act, the online casino firm, among other online casino companies, suffered major losses. The online gambling firm was then forced to sell its US operations for the token sum of US 1 dollar. This was a major story in the online casino industry.
The online casino group is an e-gaming operator traded on the London Stock Exchange’s Alternative Investment Market. The online casino company operates local-focused bingo, casino, sports books, and online poker sites. Overall, the online gambling company has over 2.5 million registered customers in 200 countries. These customers place over a million bets per day. With a new look into the future and a new plan, Holt and Blandford hope to once again rise to the top of this industry. Only time will tell if these two online gambling directors will be successful. Surely their time and effort will be placed in making their online casino one of the best in this growing market.
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