Tag Archives: Lorne Weil

Inspired appoints Steve Beason as group technology lead

Issuing a market update, Nasdaq-listed industry virtual content supplier Inspired Entertainment has confirmed the appointment of Steve Beason as its new Group Chief Technology Officer (CTO) with immediate effect. Beason has formerly served as an independent consultant to Inspired Entertainment since 2018, advising the group on technology projects and innovation strategies. A seasoned industry executive, Beason is the former Chief …

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All Change… Inspired announces sweeping leadership restructure

Nasdaq-listed industry virtual sports content supplier Inspired Entertainment has announced a major restructure to its senior executive leadership team, confirming the departure of Luke Alvarez as Group Chief Executive Officer. In its update,  Inspired governance announces that it has created ‘Office of the Executive Chairman’, consisting of Group Executive Chairman Lorne Weil, with the support of VP & Chief Strategy …

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Hydra gains extension on Inspired Gaming acquisition approach

New York private equity firm, Hydra Industries (Hydra) has confirmed that it has been granted an ‘extension of the date’ by which it must complete its proposed £200 million acquisition of industry virtual games supplier Inspired Gaming Group (Inspired). The private equity firm has been granted until the 29 December to formally process its acquisition offer. Updating deal stakeholders, Hydra Chairman …

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Inspired Gaming snapped up by Hydra for £200 million

Inspired Gaming Group, the manufacturer of FOBTs and developer of virtual and slots games, is to be acquired by New York-based private equity firm Hydra Industries for a total valuation of £200 million. The sale of Inspired assets has been negotiated with main investor Vitruvian Partners LLP and its co-investors in the enterprise. Deal stakeholders informed that the acquisition deal, which includes …

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Suitors eye up Gala Bingo acquisition

A group of potential acquiring companies interested in Gala Coral Groups retail bingo division, Gala Bingo has been revealed by UK business news sources. Gala Coral governance has been in the process of selling its 130 retail bingo halls, either via a complete division acquisition or individual sale of the division assets. UK business news sources have named German gambling …

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Lorne Weil steps down from Sportech board

Sportech PLC has announced that Lorne Weil has resigned from the operators board with immediate effect.  The announcement comes as the operator is set to undertake a corporate re-alignment of senior management responsibilities. Sportech confirmed that Weil, will remain in contact with the company in an advisory position, as the operator undertakes its re-alignment and looks for his replacement. Weil, …

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