PartyGaming chief executive Mitch Garber will not be renewing his contract with the company beyond 1 May 2009. Garber, a Canadian national, said he planned to return to North America with his family and will remain with the firm until a successor is found.
Garber said: “PartyGaming is an extraordinary company. The challenges we have faced and overcome over the past 18 months have been no less extraordinary. There is never a good time to announce that you intend to leave a company, but I personally take great pride in the fact that the Company is delivering on its business strategy and is in great shape to exploit its full potential in the future.”
PartyGaming announced a 41% rise in net revenue from continuing operations for the 12-month period to the end of December 2007 to US$476m, compared with US$325m in 2006. Total group revenue however dropped 57% to US$476m, compared with US$1.1bn in 2006, reflecting the company’s exit from the US market after UIGEA.
The company recorded a drop in after tax profits to US$41.6m, compared with US$128.4m during the same period last year, while pre-tax profits came in at US$6.7m, compared with a loss of US$77.4m in 2006.
Clean EBITDA rose 119% to US$111.7m, compared with US$50.9m last year.
Non-executive chairman Michael Jackson commented: “These results are a testament to our chosen business strategy, keep us at the forefront of the industry and provide us with a robust and scaleable platform for growth. This has all been achieved whilst adopting a conservative, but we believe responsible view of the regulatory environment. Whilst our approach means that we continue to forego revenue opportunities in the short-term, we believe that such revenue streams are at risk and we remain confident that our chosen strategy will generate superior returns for shareholders over the long-term.”
Commenting on Mitch Garber’s decision to leave PartyGaming, Jackson said: “The board respects his decision to return to North America. Mitch has been instrumental in refocusing and rebuilding the business and delivering strong financial results in challenging circumstances. He will remain as CEO until a successor is found and has also agreed to remain available thereafter to ensure an orderly and seamless transition.”
March 05, 2008
March 04, 2008
Luzzi fifth Italian banned for betting on tennis matches
The ATP banned during the weekend Federico Luzzi, the fifth Italian tennis player to be banned for betting on tennis matches. According to the report, Luzzi placed 273 bets on 836 matches between May 2004 and April 2007. Federico Luzzi, who is the world number 139, was fined $50,000 and banned for 200 days. Although Luzzi was not found to have tried to alter the outcome of matches, his behavior was deemed to have been contrary to the ATP's anti-corruption program. ATP also said that the tennis player had placed only one bet on himself - that he would win - for the small amount of $4.50.
Luzzi is now the fifth Italian tennis player to be suspended recently for betting on tennis. Fellow Italians Giorgio Galimberti, Potito Starace, Daniele Bracciali and Alessio Di Mauro were also banned for tennis betting. Galimberti was suspended for 100 days and fined $35,000 by the ATP for wagering on matches, although it's not clear if he bet on himself. Starace was suspended in December for six weeks and fined $30,000, Bracciali was banned for three months and fined $20,000, and Di Mauro drew a nine-month suspension in November and fined $60,000. All of the players bet on other players' tennis matches.
Luzzi is now the fifth Italian tennis player to be suspended recently for betting on tennis. Fellow Italians Giorgio Galimberti, Potito Starace, Daniele Bracciali and Alessio Di Mauro were also banned for tennis betting. Galimberti was suspended for 100 days and fined $35,000 by the ATP for wagering on matches, although it's not clear if he bet on himself. Starace was suspended in December for six weeks and fined $30,000, Bracciali was banned for three months and fined $20,000, and Di Mauro drew a nine-month suspension in November and fined $60,000. All of the players bet on other players' tennis matches.
Net profit rises 52 pct at Irish betting company Paddy Power
Paddy Power PLC, Ireland's dominant betting company, reported a 52 percent surge in full-year profits Monday because of growing business on the Web and a string of losses by locally favored sports stars.
For the year ending Dec. 31, the Dublin-based company registered €62.8 million (US$95.3 million) in net profit, up from €41.2 million a year earlier. Its betting volume rose 13 percent to €2.03 billion (US$3.08 billion), led by increased online business.
The company said it was strongly positioned to weather the global economic downturn, because financial fears do little to deter gamblers from trying to forecast the future.
Investors agreed. Paddy Power shares bucked a broadly negative market to rise 1.8 percent and close at €21.53 (US$32.68) on the Irish Stock Exchange.
Paddy Power rolled out several new products and markets in 2007, including a Spanish-language Web site, casino-style games and financial "spread betting," which permits online gamblers to wager on the movement of stocks, bonds, currencies and commodities.
But the company's 3-year-old Web site for German gamblers is shutting down on March 17 — St. Patrick's Day — following German authorities' efforts to outlaw Internet gambling there.
Chairman Fintan Drury said the company was now attracting a majority of bets over the Web, not in traditional corner shops, but would keep opening retail outlets in gambling-friendly Ireland and Britain, where face-to-face business continues to grow.
He said Paddy Power planned to double its number of British outlets within the next three years. Paddy Power has 58 British shops, chiefly in London, but plans to expand into the largest Scottish city, Glasgow, and the northwest English city of Manchester this year.
The company's profits soared thanks, in part, to a string of Irish sporting failures in 2007, both on Irish and British horse racing grounds and in the Rugby World Cup, when Ireland's highly rated team failed to get beyond the first stage.
Drury said Paddy Power did suffer its "biggest-ever payout" when Dublin hometown favorite Padraig Harrington won his first major golfing trophy, the British Open, in July.
Paddy Power — which was formed by the merger of three Irish betting firms in 1988 and is not named after a real person — has thrived on Ireland's deep-seated passion for horse racing and sports betting.
It was one of the first European bookmakers to gamble on the Internet, and has grown steadily despite the efforts of authorities in the United States and some European countries to prevent their citizens from betting on line. People with U.S.-based credit cards are barred from depositing money on Internet gambling sites.
Paddy Power also attracts international attention with its exceptional irreverence, offering odds on political and celebrity futures. Its current site on the U.S. presidential race, for example, offers gamblers the chance to identify the next scandal to hit campaigning: "Adultery" is the favorite, while "bigamy," "shoplifting" and "terrorist link" are rated least likely.
For the year ending Dec. 31, the Dublin-based company registered €62.8 million (US$95.3 million) in net profit, up from €41.2 million a year earlier. Its betting volume rose 13 percent to €2.03 billion (US$3.08 billion), led by increased online business.
The company said it was strongly positioned to weather the global economic downturn, because financial fears do little to deter gamblers from trying to forecast the future.
Investors agreed. Paddy Power shares bucked a broadly negative market to rise 1.8 percent and close at €21.53 (US$32.68) on the Irish Stock Exchange.
Paddy Power rolled out several new products and markets in 2007, including a Spanish-language Web site, casino-style games and financial "spread betting," which permits online gamblers to wager on the movement of stocks, bonds, currencies and commodities.
But the company's 3-year-old Web site for German gamblers is shutting down on March 17 — St. Patrick's Day — following German authorities' efforts to outlaw Internet gambling there.
Chairman Fintan Drury said the company was now attracting a majority of bets over the Web, not in traditional corner shops, but would keep opening retail outlets in gambling-friendly Ireland and Britain, where face-to-face business continues to grow.
He said Paddy Power planned to double its number of British outlets within the next three years. Paddy Power has 58 British shops, chiefly in London, but plans to expand into the largest Scottish city, Glasgow, and the northwest English city of Manchester this year.
The company's profits soared thanks, in part, to a string of Irish sporting failures in 2007, both on Irish and British horse racing grounds and in the Rugby World Cup, when Ireland's highly rated team failed to get beyond the first stage.
Drury said Paddy Power did suffer its "biggest-ever payout" when Dublin hometown favorite Padraig Harrington won his first major golfing trophy, the British Open, in July.
Paddy Power — which was formed by the merger of three Irish betting firms in 1988 and is not named after a real person — has thrived on Ireland's deep-seated passion for horse racing and sports betting.
It was one of the first European bookmakers to gamble on the Internet, and has grown steadily despite the efforts of authorities in the United States and some European countries to prevent their citizens from betting on line. People with U.S.-based credit cards are barred from depositing money on Internet gambling sites.
Paddy Power also attracts international attention with its exceptional irreverence, offering odds on political and celebrity futures. Its current site on the U.S. presidential race, for example, offers gamblers the chance to identify the next scandal to hit campaigning: "Adultery" is the favorite, while "bigamy," "shoplifting" and "terrorist link" are rated least likely.
Becker launches poker career
Former world number one tennis star Boris Becker has begun a career as a professional poker player, according to a report in Sunday's edition of Germany daily newspaper Die Welt."I have already been playing intensively since last year," said the 40-year-old who won Wimbledon three times and has signed a sponsorship contract with an internet poker company.
"What fascinates me about poker is the psychology: what is my opponent thinking of me and what do I think of him," added Becker, who retired from tennis in June 1999.
Becker says he learned to play the card game while on the ATP circuit, especially at Wimbledon during the rain breaks.
And the German big-hitter says he is keen to recruit other former tennis stars to the poker table.
"I would like to know how people like Andre Agassi, Pete Sampras, John McEnroe, Stefan Edberg, Ivan Lendl or even Jimmy Connors, manage to keep their cool at poker," said Becker.
Becker is hoping to take part in Europe's grand final this April which will bring together 800 professional players in Monte Carlo.
February 29, 2008
The Poker Channel Hits European Screens
The Poker Channel, one of the original poker content TV stations in the UK, is set to launch in Europe. Scandinavia, Germany and France will be airing The Poker Channel's programming from March 1st.
Sweden, Norway, Denmark, Finland, France and Germany, considered by many to be expanding poker markets, will get dedicated poker programming this March as The Poker Channel heads into Europe. The Channel will be available throughout Scandinavia, on channel 95, on the regions' largest digital satellite network Canal Digital. In France the channel will appear on Noos Numericable (channels 48 and 95 respectively) and ADSL platform Free (channel 65). In Germany the channel will be carried on Cable Deutschland and KBW. European poker fans who do not have access to any of these networks, will still be able to receive the channel with a satellite dish pointed towards 1° West and an appropriate set top box (tuned to 11.229 GHZ Horizontal).
Crispin Nieboer, Founder CEO said: "The channel has been a huge success in the UK, attracting up to 1m viewers a month, from just 8m homes, since its launch in March 2005. We are delighted to be broadening our reach across the whole of Europe, having agreed deals with the leading networks in such fast growing poker territories. The appetite for high-quality poker programming continues to grow across Europe, and with our schedule of top-class tournament and high stakes cash game coverage, plus documentary, educational and classic game coverage, we are proud to offer poker fans the first pan-European poker channel".
European poker viewers can expect a plethora on televised poker delights, including:
European Poker Masters - Watch the big guns fight it out for a combined prize pool of over €1,000,000. With Ivey, Hansen and 'Jesus' Ferguson all in attendance.
Million Dollar Cash Game - High stakes poker attracted the big stars to London. Including Phil Ivey, Gus Hansen, Howard Lederer, Erik Seidel, Jennifer Harman, John Juanda, Mike Matusow, Erik Lindgren, Chris Ferguson, Mark Goodwin and Tony G.
Classic Tournaments - From the Aussie Millions in 2005 and 2006, The British Poker Open and watch on in awe at Stu Ungar's famous World Series of Poker victory from 1997.
Do It Like…: Get up close to the biggest names in Poker and find out what their peers and opponents think off them. Frank interviews where the stars have their say on who's great in the world of poker. Do it like…get's under the skin of poker and includes the likes of Tony G, Gus Hansen and Devilfish.
The Poker Channel launched as the world's first TV channel dedicated to poker on Sky in March 2005. The Poker Channel's broadband service remains a popular way to view the channel today via PokerChannelBroadband.com
Sweden, Norway, Denmark, Finland, France and Germany, considered by many to be expanding poker markets, will get dedicated poker programming this March as The Poker Channel heads into Europe. The Channel will be available throughout Scandinavia, on channel 95, on the regions' largest digital satellite network Canal Digital. In France the channel will appear on Noos Numericable (channels 48 and 95 respectively) and ADSL platform Free (channel 65). In Germany the channel will be carried on Cable Deutschland and KBW. European poker fans who do not have access to any of these networks, will still be able to receive the channel with a satellite dish pointed towards 1° West and an appropriate set top box (tuned to 11.229 GHZ Horizontal).
Crispin Nieboer, Founder CEO said: "The channel has been a huge success in the UK, attracting up to 1m viewers a month, from just 8m homes, since its launch in March 2005. We are delighted to be broadening our reach across the whole of Europe, having agreed deals with the leading networks in such fast growing poker territories. The appetite for high-quality poker programming continues to grow across Europe, and with our schedule of top-class tournament and high stakes cash game coverage, plus documentary, educational and classic game coverage, we are proud to offer poker fans the first pan-European poker channel".
European poker viewers can expect a plethora on televised poker delights, including:
European Poker Masters - Watch the big guns fight it out for a combined prize pool of over €1,000,000. With Ivey, Hansen and 'Jesus' Ferguson all in attendance.
Million Dollar Cash Game - High stakes poker attracted the big stars to London. Including Phil Ivey, Gus Hansen, Howard Lederer, Erik Seidel, Jennifer Harman, John Juanda, Mike Matusow, Erik Lindgren, Chris Ferguson, Mark Goodwin and Tony G.
Classic Tournaments - From the Aussie Millions in 2005 and 2006, The British Poker Open and watch on in awe at Stu Ungar's famous World Series of Poker victory from 1997.
Do It Like…: Get up close to the biggest names in Poker and find out what their peers and opponents think off them. Frank interviews where the stars have their say on who's great in the world of poker. Do it like…get's under the skin of poker and includes the likes of Tony G, Gus Hansen and Devilfish.
The Poker Channel launched as the world's first TV channel dedicated to poker on Sky in March 2005. The Poker Channel's broadband service remains a popular way to view the channel today via PokerChannelBroadband.com
February 28, 2008
Hills to focus on internet as it gears up for transitional year
Ralph Topping, newly-appointed chief executive of William Hill, has told eGaming Review that the company will spend much of 2008 focusing on improving and developing its internet offering.
Speaking after the company released its full-year results this morning, Topping said: “I am pleased with the levels of gross win in retail, especially after a World Cup year, with machines revenue up 15% and I plan to reinforce our retail base and develop our internet offering in 2008. Despite some serious issues with which we have to deal, there are also major opportunities.”
He added that Hills will concentrate on its key strengths: knowledge of bookmaking and gaming and its experience as an operator. Speaking about the recent performance of Hills’ online division, Topping said: “Frankly, it’s been disappointing. We will focus on implementing the Orbis sports betting platform between now and the end of November and launch more gaming products in the second quarter, including a live casino to bridge the gap between the virtual and real gaming environments.”
Speaking of NextGen, William Hill’s in-house system that will be replaced by the Orbis platform, Topping said: “We are at our best when we concentrate on key strengths, we are not going be the industry's leading software firm. By focusing too many resources on that we lost ground to our competitors. The sportsbook operates on legacy technology and this affected us badly: especially on in-running. Punters want a wide range of markets and it’s vital for in-running. I’m very passionate about turning this side of the business around as I was there at the beginning.”
As revealed by eGaming Review in January, the company agreed terms of purchase with sports betting software firm Orbis, which it said would allow it to compete on a level playing field with the competition.
Topping also denied any rumour that William Hill was interested in acquiring Irish bookmaker Paddy Power, and said of his appointment as the company’s new chief executive: “I joined the board in April 2007 and expected it to take its time (over the new appointment). They have got to know me in that time so you could say I wasn’t surprised when they asked me.”
Hills’ gross win rose 6% to £983.7m, compared with £931.3m in 2006, operating profit was down 2% to £286.7m, compared with £292.2m in 2006, pre-tax profits before exceptional items was £223.4m for the 53 week period to 1 January 2008. The interactive side of the business had a disappointing year, with gross win falling by £10.7m to £119.8m and operating profits falling by £10.6m to £50.9m on 2006, mainly due to the company’s technology being unable to handle in-running betting. As a result, William Hill decided to terminate the implementation of the NextGen programme, which led to an exceptional non-cash impairment charge of £20.9m.
Gaming revenues largely stabilised throughout the year after UIGEA, driven by the launch of new arcade and skill games and online bingo, the latter in particular exceeding the company’s expectations. Gross win for the telephone betting channel fell £4.5m to £53m due to a drop in business from the company’s large staking clients, operating profit was virtually stagnant at £16.1m, compared with £16.7m in 2006.
The company highlighted its international activities in Spain and Italy in partnership with Codere. The two companies’ joint brand for Spain will be Victoria Apuestas, for which it expects to receive an operational licence for the Madrid region imminently, with another 34 outlets due to be obtained in the region by the end of 2008. In Italy, an Italian website went live this month and the two firms have received more than 50 concessions to operate sports betting outlets and expect most of them to be operational before September 2008.
Speaking after the company released its full-year results this morning, Topping said: “I am pleased with the levels of gross win in retail, especially after a World Cup year, with machines revenue up 15% and I plan to reinforce our retail base and develop our internet offering in 2008. Despite some serious issues with which we have to deal, there are also major opportunities.”
He added that Hills will concentrate on its key strengths: knowledge of bookmaking and gaming and its experience as an operator. Speaking about the recent performance of Hills’ online division, Topping said: “Frankly, it’s been disappointing. We will focus on implementing the Orbis sports betting platform between now and the end of November and launch more gaming products in the second quarter, including a live casino to bridge the gap between the virtual and real gaming environments.”
Speaking of NextGen, William Hill’s in-house system that will be replaced by the Orbis platform, Topping said: “We are at our best when we concentrate on key strengths, we are not going be the industry's leading software firm. By focusing too many resources on that we lost ground to our competitors. The sportsbook operates on legacy technology and this affected us badly: especially on in-running. Punters want a wide range of markets and it’s vital for in-running. I’m very passionate about turning this side of the business around as I was there at the beginning.”
As revealed by eGaming Review in January, the company agreed terms of purchase with sports betting software firm Orbis, which it said would allow it to compete on a level playing field with the competition.
Topping also denied any rumour that William Hill was interested in acquiring Irish bookmaker Paddy Power, and said of his appointment as the company’s new chief executive: “I joined the board in April 2007 and expected it to take its time (over the new appointment). They have got to know me in that time so you could say I wasn’t surprised when they asked me.”
Hills’ gross win rose 6% to £983.7m, compared with £931.3m in 2006, operating profit was down 2% to £286.7m, compared with £292.2m in 2006, pre-tax profits before exceptional items was £223.4m for the 53 week period to 1 January 2008. The interactive side of the business had a disappointing year, with gross win falling by £10.7m to £119.8m and operating profits falling by £10.6m to £50.9m on 2006, mainly due to the company’s technology being unable to handle in-running betting. As a result, William Hill decided to terminate the implementation of the NextGen programme, which led to an exceptional non-cash impairment charge of £20.9m.
Gaming revenues largely stabilised throughout the year after UIGEA, driven by the launch of new arcade and skill games and online bingo, the latter in particular exceeding the company’s expectations. Gross win for the telephone betting channel fell £4.5m to £53m due to a drop in business from the company’s large staking clients, operating profit was virtually stagnant at £16.1m, compared with £16.7m in 2006.
The company highlighted its international activities in Spain and Italy in partnership with Codere. The two companies’ joint brand for Spain will be Victoria Apuestas, for which it expects to receive an operational licence for the Madrid region imminently, with another 34 outlets due to be obtained in the region by the end of 2008. In Italy, an Italian website went live this month and the two firms have received more than 50 concessions to operate sports betting outlets and expect most of them to be operational before September 2008.
Ladbrokes high rollers contribute to 60% rise in pre-tax profits
Ladbrokes has reported a 60% rise in pre-tax profits before finance costs and non-trading items in full-year earnings to £420m compared with £262.2m in 2006, thanks to a strong performance by the company’s telephone betting business.
Ladbrokes’ gross win for the period rose 29.9% rise to £1.3bn, compared with £990m in 2006. The company’s egaming division performed well, pre- tax profits before finance costs and non-trading items rose to £55m, compared with £44.3m in 2006. Egaming gross win increased to £156.5m, compared with £144.4.m last year.
Sportsbook net revenue increased 14.7% to £52.2m, compared with £45.5m in 2006 and margins came in at 7.2% compared with 6.4% in 2006. Casino net revenue rose 5.1% on 2006 to £43m while poker net revenue fell 11.4% to £31m, reflecting the continuing competitive environment in European poker. More on this later.
Ladbrokes’ gross win for the period rose 29.9% rise to £1.3bn, compared with £990m in 2006. The company’s egaming division performed well, pre- tax profits before finance costs and non-trading items rose to £55m, compared with £44.3m in 2006. Egaming gross win increased to £156.5m, compared with £144.4.m last year.
Sportsbook net revenue increased 14.7% to £52.2m, compared with £45.5m in 2006 and margins came in at 7.2% compared with 6.4% in 2006. Casino net revenue rose 5.1% on 2006 to £43m while poker net revenue fell 11.4% to £31m, reflecting the continuing competitive environment in European poker. More on this later.
February 25, 2008
Sportingbet Rises as Express Says Bwin May Make Bid
Sportingbet Plc, the Web bookmaker that owns Paradise Poker, rose to a six-week high in London trading after the Sunday Express said Bwin Interactive Entertainment AG is considering a 290 million-pound ($570 million) offer.
Vienna-based Bwin may bid 70 pence a share for Sportingbet in the next few weeks, the newspaper reported yesterday, without saying where it got the information. Sportingbet spokesman George Hudson said the company wouldn't comment on speculation. Bwin spokesman Matthias Winkler also declined to comment.
London-based Sportingbet, which was forced to exit the U.S. by a 2006 crackdown on foreign gambling Web sites, ended talks on a possible takeover bid by Bwin in July. Online gaming operators have considered mergers and acquisitions as a way of replacing lost revenue after the U.S. law was introduced.
February 21, 2008
Topping on top at Hill’s
William Hill has appointed its operating director Ralph Topping as the company’s new chief executive. Topping currently has responsibility for the group’s UK-based operations and was originally appointed to the board in April 2007. He joined the firm in 1973.
Charles Scott, chairman, said: “The Board has undertaken an extremely thorough search process over recent months. We have tested the market place in considerable detail. (With) than 35 years of industry experience, we have a first-class appointment. We will also benefit from his deep knowledge of the William Hill business.”
Topping’s appointment comes a day after the company saw its share price drop 22p to 403p on concerns that the UK government might be having another look at the regulations regarding fixed odds betting terminals (FOBTs).
Sports minister Gerry Sutcliffe told Reuters yesterday that he was “concerned about the longer-term impact of the growing popularity of FOBTs and have asked the Gambling Commission to give particular priority to work on the risks associated with high-stakes machines. We have always said if any evidence emerges that they are causing harm, then we are prepared to take action and we have the power to take actions.”
Sutcliffe was speaking after the government announced that the horseracing levy regime would be extended for one more year while the horseracing industry and the bookmakers come to an agreement on further funding.
Topping will also be faced this morning with a sell note from analysts at Investec. Matthew Gerard from the firm has downgraded estimates for both William Hill and Ladbrokes “to reflect our negative view of the prospects for both businesses for the remainder of 2008 and 2009”.
Gerard notes that William Hill suffering in particular from problems at its online division. He adds that he believes all high-street bookmakers are “more exposed to a consumer slowdown that has historically been the case”.
Charles Scott, chairman, said: “The Board has undertaken an extremely thorough search process over recent months. We have tested the market place in considerable detail. (With) than 35 years of industry experience, we have a first-class appointment. We will also benefit from his deep knowledge of the William Hill business.”
Topping’s appointment comes a day after the company saw its share price drop 22p to 403p on concerns that the UK government might be having another look at the regulations regarding fixed odds betting terminals (FOBTs).
Sports minister Gerry Sutcliffe told Reuters yesterday that he was “concerned about the longer-term impact of the growing popularity of FOBTs and have asked the Gambling Commission to give particular priority to work on the risks associated with high-stakes machines. We have always said if any evidence emerges that they are causing harm, then we are prepared to take action and we have the power to take actions.”
Sutcliffe was speaking after the government announced that the horseracing levy regime would be extended for one more year while the horseracing industry and the bookmakers come to an agreement on further funding.
Topping will also be faced this morning with a sell note from analysts at Investec. Matthew Gerard from the firm has downgraded estimates for both William Hill and Ladbrokes “to reflect our negative view of the prospects for both businesses for the remainder of 2008 and 2009”.
Gerard notes that William Hill suffering in particular from problems at its online division. He adds that he believes all high-street bookmakers are “more exposed to a consumer slowdown that has historically been the case”.
February 20, 2008
PartyGaming’s New Chief Games Officer
Online poker group PartyGaming has created a new high-profile role for the former head of Gamebookers, the sports betting firm it bought in 2006.
PartyGaming said John O'Malia would be made its Chief Games Officer and take charge of its portfolio of games from online poker and blackjack to Internet bingo and sports betting.
PartyGaming bought the Bulgaria-operated and Isle of Man-controlled Gamebookers for $130 million in August of 2006 and has since turned it into its PartyBets.com site.
O'Malia's role is just below that of the firm's Chief Executive and Finance Director and in line with the firm's Operating Chief but the former city trader will not be a member of the Gibraltar-based firm's board.
O'Malia has been running sports betting companies since 2001 and spearheaded the development of BetBug.com with 1X Inc before engineering the purchase of BetBug and Gamebookers.com in 2005 as Chief Executive Officer of Trident Gaming.
Under O'Malia's stewardship Trident transformed and grew the Gamebookers business through aggressive online and offline marketing using a combination of guerrilla marketing and classic traffic-building and brand-building campaigns. After a series of smaller sports sponsorship campaigns, Gamebookers launched its shirt-sponsorship deal with French football team Nantes FC in August of 2006.
PartyGaming said John O'Malia would be made its Chief Games Officer and take charge of its portfolio of games from online poker and blackjack to Internet bingo and sports betting.
PartyGaming bought the Bulgaria-operated and Isle of Man-controlled Gamebookers for $130 million in August of 2006 and has since turned it into its PartyBets.com site.
O'Malia's role is just below that of the firm's Chief Executive and Finance Director and in line with the firm's Operating Chief but the former city trader will not be a member of the Gibraltar-based firm's board.
O'Malia has been running sports betting companies since 2001 and spearheaded the development of BetBug.com with 1X Inc before engineering the purchase of BetBug and Gamebookers.com in 2005 as Chief Executive Officer of Trident Gaming.
Under O'Malia's stewardship Trident transformed and grew the Gamebookers business through aggressive online and offline marketing using a combination of guerrilla marketing and classic traffic-building and brand-building campaigns. After a series of smaller sports sponsorship campaigns, Gamebookers launched its shirt-sponsorship deal with French football team Nantes FC in August of 2006.
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