Ted Menmuir

Change of Scene…Nigel Eccles steps down as FanDuel leader

Issuing a corporate statement, New York and Edinburgh based daily fantasy sports operator FanDuel has confirmed that Co-Founder & Chief Executive Nigel Eccles will leave the company.   US tech news sources report that Eccles departs the DFS sector, to focus on a new venture within the burgeoning competitive eSports market. FanDuel governance informs that Eccles will be replaced by …

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Scout Gaming DFS targets December Stockholm First North IPO

Industry daily fantasy sports (DFS) systems provider Scout Gaming has published its Nasdaq First North corporate prospectus, as the company seeks to widen its investment pool in order fund its aggressive future growth strategy. Publishing its prospectus, Scout Gaming governance will initially offer 2.6 million new company shares on Stockholm’s Nasdaq First North market priced at SEK 23 per share, …

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High flyer Smarkets looks forward to 2018, following Deloitte ‘Fast 50’ tech recognition

Online betting exchange Smarkets has secured the fourth spot on the ‘Deloitte Fast 50’, an enterprise index listing the ‘fastest growth UK technology businesses’. The only industry enterprise to list in the Deloitte Fast 50, Smarkets joins a prestigious top ten of UK-based technology firms, which is headed up by food delivery platform Deliveroo ranking number 1 for 2017. Recognised by …

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On track William Hill set to deliver £40 million in group 2017 savings

Presenting its latest trading update (unaudited 17-week period to 24 October), FTSE-listed bookmaker William Hill Plc details that its corporate performance is ‘in-line with expectations’, as the company seeks to deliver £40 million in annualised cost efficiencies for group reinvestment. Updating the market, William Hill continues its digital recovery, recording a 13% increase in online wagering, combined with 6% net …

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LetsBet.com aims to ‘flip the script’ for casino players in 2018

New online casino brand LetsBet.com will be launched in early 2018, seeking to become the most engaging destination for online gambling consumers. LetsBet.com is brought to market by Malta MGA-licensed enterprise Pioneer Play Ltd, a new online gambling group founded by Michael Pedersen (CEO), former Scandinavian commercial lead for NetEnt, and Stefan Lind, (CMO) former operations lead at LeoVegas AB. …

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Catena Media sets 2020 vision

Ahead of its Capital Markets Day (6 December), Stockholm-listed industry affiliate network Catena Media has announced that it has reset its enterprise long-term financial targets, as corporate governance seeks to extract optimal value for its investors. Updating stakeholders, Catena’s Board has set the enterprise target of generating a group EBITDA in excess of €100 million (£90 million) by the year …

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Finance Guru Giles Vardey joins Sportech governance advisory

Further to yesterday’s announcement of a shareholder £53 million capital redistribution, London-listed betting systems supplier Sportech Plc has confirmed the appointment of Giles Vardey as independent Non-Executive Director. A 35-year finance executive, Vardey will advise Sportech governance on stakeholder management as the company undertakes a full-scale sale if its business in 2018. In a distinguished career, Vardey has served as …

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News Corp Australia appoints Ben Bloomfield as Punters.com.au CEO

News Corp Australia has confirmed the appointment of Ben Bloomfield as new Chief Executive for its racing digital platform Punters.com.au. Bloomfield takes over leadership of Punters.com.au from outgoing CEO & enterprise founder Luc Pettett who has decided to leave the business in order to pursue ‘new projects’. In 2016, News Corp Australia acquired privately owned Punters.com.au outright from Luc Pettett …

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Ashley Highfield departs William Hill as Corporate Responsibility Chair

FTSE-listed William Hill Plc has confirmed that Ashley Highfield has formally stepped down as a Non-executive director, departing the firm’s corporate advisory team. As a governance advisor, Highfield headed up William Hill’s Corporate Responsibility Committee. Last October, the FTSE bookmaker confirmed that former Betfair Group Plc Chief Executive Mark Brooker would replace Highfield as Committee Chair. In 2016, restructuring William …

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Sportech approves £53 million capital redistribution for shareholders

Updating the market, London-listed betting systems provider Sportech Plc has confirmed that it has completed its ‘capital reduction plan’ attached to the sale of it’s the Football Pools division, completed in June 2017 for £83 million. In accordance with previous transaction objectives, Sportech governance has declared a 29p-per-share distribution for its shareholders, which will see the company complete a cash …

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