BUSINESS

Betfair appoint new CFO; RGA speaks to Greeks yet again

TAGs: Betfair, greece, OPAP, remote gambling association

betfair logo hi resExchange specialists Betfair have chosen a new chief financial officer and executive director with Alexander Gresh taking on the two roles. Gresh comes from a technology and finance background having worked for a number of different companies in senior positions and will take up the job from December 3 onwards. Following the appointment Breon Corcoran, CEO of Betfair, added: “Alex has extensive and valuable experience of working in highly competitive, international businesses and a proven track record of delivering results. I welcome him to Betfair and look forward to working with him.” He replaces Stephen Morana who had already indicated he would step down from both roles when Betfair was able to fill them and it ends his 10-year association with the company.

Europe’s gambling companies and their escalating battle with Greece has gone a step further after trade organization the Remote Gambling Association (RGA) penned a new letter to those looking after the sale of OPAP. The letter, written to the Hellenic Republic Asset Development Fund (HRADF), Deutsche Bank and the Hellenic Bank, states they are preparing more complaints that would further affect the price of the 34 percent stake. RGA CEO Clive Hawkswood also added a further statement that read: RGA CEO Clive Hawkswood said in a statement: “We have approached HRADF because they live in the real international world and press reports would indicate that they may be a voice of reason on this debate. It is quite remarkable that other countries in Europe have adopted proper processes that conform to EU law and result in substantial tax collection for the State.

“It really is not necessary to try and claim online monopolies that do not exist and could never be properly enforced. We call on the HRADF to help resolve what would be very natural concerns from the potential bidders, to help get the 5 December date postponed and to work with the industry and the EU to reach a sensible outcome for all.”

Earlier this week the RGA and EGBA both complained about Greece to the European Commission and it came almost immediately after Betfair decided to withdraw from the market.

 

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