Bwin.party CEO Acquitted of Charges in France

Poker News – According to a report by GamingIntelligence, bwin.party CEO Norbert Teufelberger and former bwin CEO Manfred Bodner have been acquitted of Internet gambling charges in France. Last month, Teufelberger and Bodner were charged with violations that dated back more than a decade when the online gambling group offered betting services to France’s citizens. The charges included violating French law by offering iGaming products and receiving bets on sporting events and horse racing, as well as advertising to French players between 2003 and 2005. Although the original complaints by French monopoly operators La Française des Jeux (FDJ) and Pari-Mutuel…

Lotterywest CEO Stewart hands in her ticket

Yahoo – Evidence of Jan Stewart’s contribution to the WA community can be found in every corner of the State. From a kindergarten playground in Albany, to the spectacular treetop walk in Kings Park, a Men’s Shed in Gingin and a youth centre in Midland, the Lotterywest chief executive has overseen the distribution of hundreds of millions of dollars worth of community grants in her 22 years in the role. At the same time, she has had the rewarding job of handing over millions in winnings to lucky Lotto players. This week, 27 years after the former Princess Margaret Hospital…

Bally Technologies hires previous CEO to run company

Vegas Inc – In an abrupt reversal, Bally Technologies CEO Ramesh Srinivasan is being replaced at the helm by the man he replaced less than a year and a half ago — the same one who recruited Srinivasan to the company, no less. The Las Vegas slot-machine maker said today that Srinivasan, a nine-year company veteran, is leaving Bally and that Dick Haddrill would assume the CEO’s spot May 23. Haddrill was Bally’s chief executive from 2004 to 2012 and has been chairman of the board since Srinivasan was promoted to CEO. Haddrill will give up the chairman’s seat next…

Paddy Power CEO to Step Down Amidst Two Worst Weekends Ever in Football

Gambling 911 – Paddy Power, the United Kingdom’s third largest bookmaker, suffered two of its worst weekends in football on record this year.  The company’s stock has dropped 4% and CEO Patrick Kennedy has announced his departure in 2015.  Kennedy has been CEO of Paddy Power since 2006 with the betting firm enjoying huge success throughout much of his tenure. Paddy Power, to its credit, has enjoyed a strong growth in sales during the first four months of this year.  But two weekends in particular – January 11-13th and March 22nd-23rd of this year- managed to cause significant enough damage…