BUSINESS

BRIEFLY: Cryptologic execs resign; SIS scuppers OpenBet deal; AGCC licensees

TAGs: Alderney Gambling Control Commission, Amaya Gaming, Cryptologic, London Clubs International

news-briefsAmaya Gaming’s ongoing takeover of software supplier Cryptologic has prompted a thorough executive spring cleaning at the soon to be acquired firm. Crypto CEO David Gavagan has resigned, along with CFO Huw Spiers, general counsel Nick Catros plus board members Simon Creedy Smith and James Wallace. Gavagan’s role will be assumed by Amaya CEO/president David Baazov, while Daniel Sebag will replace Spiers. Baazov and Amaya director Divyesh Gadhia will take the two empty board seats. At Amaya’s request Cryptologic has agreed to delist its shares from the New York and London markets. Amaya’s bid to acquire Cryptologic, which was first announced in December, moved a giant step closer to reality last week with Amaya agreeing to acquire nearly 81% of Cryptologic’s issued shares.

From a progressing deal to a failed one… Satellite Information Services (SIS), which provides sports scores and stats to bookmakers, has walked away from a deal with sportsbook software outfit OpenBet due to what managing director George Irvine described as “a couple of material issues that caused concern and could not be agreed.” Had it gone forward, the deal would have allowed SIS to resell the OpenBet Promote text display product to bookies in Ireland and the UK under the banner of SISPromote.

London-based online and mobile integration/distribution outfit Push Gaming has applied for a core services associate certificate from the Alderney Gambling Control Commission. The application is dated April 3, meaning anyone with concerns needs to make them known to the AGCC before April 17. On March 30, the AGCC granted Category 1 and 2 eGambling Licenses to the Postcode Lottery Alderney Limited.

William Hill PR director Richard Prescott has left the company just three months after assuming the role. eGarmingReview reported that Prescott has decided to return to concentrating on his own PR consultancy, and that Hills has no plans to seek a replacement for Prescott’s now vacant seat.

Fresh off selling a piece of its interactive division, Caesars Entertainment may be looking to sell its London Clubs International casino operations. This Is Money claimed Caesars had appointed Goldman Sachs to advise on a possible sale of the 13-casino franchise, which includes London’s Playboy club and the Empire Casino in Leicester Square.

The Romanian Gambling Commission has revoked the license of the Casino Palace in Bucharest. Officials claimed the casino, which is run by Queenco Leisure International affiliate Queen Investment Inc., was behind in its tax obligations. The company is appealing the decision.

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