Shareholder advisory Pensions & Investment Research Consultants (PIRC) has again criticised Paddy Power Betfair (PPB) governance regarding executive rewards and bonus arrangements, ahead of the FTSE firm’s annual general meeting this Wednesday. PIRC advises PPB investors to reject the firm’s remuneration report, due to concerns regarding the ‘termination arrangements’ for PPB governance and leadership. The shareholder advisory points to last …

Issuing a corporate update, Stockholm-listed Cherry AB has confirmed that it has completed the outright acquisition of Malta-based online gambling operator ComeOn (ComeOn.com) purchasing 100% of its shares. Cherry governance informs that it completes its 100% takeover of all ComeOn related assets for a total consideration of €280 million, from which the firm’s initial €80 million payment has been deducted. …

Further to publishing its Q1 2017 trading update, Amaya Inc governance has informed investors that it has moved to propose a corporate name change to ‘The Stars Group Inc’. The Toronto-listed gambling group informs that its proposed name change to The Stars Group will be voted on at the upcoming annual shareholders meeting. Further to the name change, Amaya governance …

The management of embattled online poker room PKR (PKR.com) has informed the market that it has appointed administrators as the company officially files for bankruptcy. Issuing a website update, PKR has informed that following a review of its financial arrangements, the operator has appointed David R Taylor and Matthew RM Wild of RSM Restructuring Advisory LLP as joint ‘PKR Technologies’ …

Online casino review portal Latest Casino Bonuses (LCB) has informed that it has moved to strengthen its online bingo inventory by acquiring affiliate website TwoLittleFleas (twolittlefleas.co.uk) for a total consideration of $835,000. Updating the market, LCB founder Joshua Chan and Co-CEO Nikola Zugic stated that TwoLittleFleas online bingo review portal would be added to the growing LCB network, which focuses on …

Betsafe UK, has announced that it will be the headline sponsor of two boxing world championship bouts this May as the online bookmaker goes ‘big for boxing’. Starting this Saturday 13 May, Betsafe, which currently holds a 3/5 performance rating on Bookmaker Ratings, will sponsor the WBA Super Flyweight fight between champion Khalid ‘Kal’ Yafai vs Japan’s Suguru Muranaka at …

Athens-listed Lottery and gambling systems provider Intralot SA has confirmed the appointment of John R Donahue as Chief Executive Officer of its USA Division. A thirty-year lottery and gaming veteran Donohue joins Intralot from competitor Scientific Games, where he acted as Managing Director of International Systems. Donohue has further held leadership positions at IGT and Sirius Gaming. As MD of …

Independent online bookmaker bet365 has informed the market that it is seeking an additional 90 new recruits for its Manchester ‘Spring Gardens’ technology hub. Opened last April 2016, the bet365 Manchester hub acts as a technology support and development arm for the firm’s HQ in Stoke (Staffordshire). The technology hub’s development has been led by Warren Hughes, bet365’s Head of …

Toronto-listed online gaming group Amaya Inc has declared a strong start to 2017 as the company progresses on its product diversification strategy. Updating the market on its Q1 2017 performance (period ending 31 March), Amaya governance would declare ‘all-metric’ growth across its core reporting benchmarks, as the company records $317 million in group revenues. The operator reports that its online poker …

Unfavourable sporting results combined with higher operational costs have impacted Eastern European gambling operator Fortuna Entertainment Group Q1 2017 performance. Updating investors Fortuna governance would detail ‘robust’ set of metrics during the period as the company recorded a total group wagering of €302 million up 20% on corresponding 2016 performance. Closing the period, Fortuna would further report a Gross Win …