Tag Archives: springowl
- Ader to Amaya: reject Baazov bid, cut all ties with former CEO
December 7, 2016
Activist investor Jason Ader wants Canadian online gambling operator Amaya Gaming to forget David Baazov’s takeover bid and get back to making money. Last Friday, Toronto’s Globe & Mail newspaper published a look at the “murky” finances underpinning Baazov’s C$24-per-share offer to acquire Amaya and take it private. The article...
- Bwin.party, Jason Ader reach truce over board composition
May 22, 2014
UK-listed online gambling operator Bwin.party digital entertainment has agreed to add Ader Investment Management president Daniel Silvers to its board of directors in exchange for activist investor Jason Ader dropping his push for even more substantial executive shuffling. Ader, whose SpringOwl investment vehicle acquired 5.25% of Bwin.party stock earlier this...
- Ader draws first blood as Bwin.party announces board shakeup; Bodner departs
May 16, 2014
Activist investor Jason Ader (pictured, sword in hand) has drawn first blood in his fight to bring changes to struggling UK-listed online gambling operator Bwin.party digital entertainment. On Friday, Bwin.party announced the imminent departure of three of its board members following an independent evaluation process conducted by new chairman Philip...
- Ladbrokes investors back Glynn; advisory firms back Ader’s Bwin.party nominees
May 10, 2014
Richard Glynn (pictured on the left), the embattled CEO of struggling UK bookies Ladbrokes, got an overwhelming thumbs-up from shareholders at the company’s annual general meeting in London this week. Back in October, reports surfaced that Glynn had been given until mid-2014 to right the ship or walk the plank....
- Jason Ader accuses Bwin.party of pursuing strategy without understanding
May 6, 2014
Activist investor Jason Ader has laid out his case for why Bwin.party digital entertainment investors should approve his choices for new blood on the struggling online gambling company’s board of directors. Ader, whose SpringOwl investment vehicle owns 5.2% of Bwin.party, has proposed four potential additions to the Bwin.party board, choices...
- Bwin.parts? Hedge fund interest suggests Bwin.party restructuring ahead
February 19, 2014
A US-based hedge fund has taken a 6.1% stake in UK-listed online gambling operator Bwin.party digital entertainment, prompting speculation that a major restructuring of the company is in order. The New York-based SpringOwl investment vehicle says it has reached an agreement in principle to acquire the stake from PartyGaming founders...
PokerStars wins Portugal online poker, casino license
November 28, 2016
NagaCorp Remains a Risky Investment for Income Only
October 13, 2015