PENN Entertainment's proxy battle with activist investor HG Vora has made new progress, as an independent committee determined that the board acted with integrity and in the company's best interest when it reduced the size of the board last year. This year-long corporate conflict may be nearing its
This week, the gambling industry has seen frequent developments, with UK gambling company Betfred warning that if the government raises gambling taxes, it may close all 1,287 stores across the UK, endangering 7,500 jobs. The Dutch Lottery announced the departure of Chief Financial and Risk Officer J
Australian gambling operator PointsBet Holdings announced a significant reorganization of its board of directors, appointing three executives from major shareholder MIXI Australia, Sho Okuyama, Kanji Kobayashi, and Taishi Oba, as non-executive directors with immediate effect. In this change, five or
Online bingo game and casino operator Broadway Gaming announced a leadership change, appointing former Chief Operating Officer Mark Cleary as CEO, effective immediately. The company's founder and former CEO, David Butler, has been appointed as the Executive Chairman and will continue to be responsib
Caesars Entertainment has added two independent directors to its board – Icahn Enterprises General Counsel Jesse Lynn and Chief Financial Officer Ted Papapostolou – who will join the board immediately, subject to customary regulatory approvals.“I would like to welcome Jesse and Ted to the board,” Ca
Kenny Alexander and Lee Feldman have commenced legal action against the UK Gambling Commission (UKGC).The allegations of the former CEO and Chairman GVC Holdings (formerly Entain Plc) centre on the ‘misuse of private information’, according to the information currently available in the court filing
Kindred Group has expanded its Board of Directors with the addition of personnel from Groupe Française des Jeux to replace recent resignations.The new members are joining following FDJ completing its acquisition of Kindred at the beginning of the month in a nearly €2.5bn transaction.Pascal Chaffard,
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