Monthly Archives: June 2016

William Hill Online shuffles senior exec ranks, hires KPMG to assess technology

UK-listed bookmaker William Hill has embarked on a wholesale revamp of its online operations’ senior management structure in a bid to shore up the once dominant division.

In May, Hills released a trading update that included a lackluster performance by its William Hill Online division. In the same update, Hills announced that Crispin Neiboer had been made the permanent managing director of online, and Nieboer has now announced a significant restructuring of the online division’s senior team.

Hills’ special projects director Steven Reid, who helped set up Hills’ Gibraltar online operations, has been named interim Online COO, with a permanent Online COO to be named over the next few months.

Stuart Weston has been named Hills’ new online sportsbook P&L director, joining gaming P&L director James Curwen and International director David Greyling. All three will report directly to Reid (and his permanent replacement).

William Hill Online shuffles senior exec ranks, hires KPMG to assess technology

UK-listed bookmaker William Hill has embarked on a wholesale revamp of its online operations’ senior management structure in a bid to shore up the once dominant division.

In May, Hills released a trading update that included a lackluster performance by its William Hill Online division. In the same update, Hills announced that Crispin Neiboer had been made the permanent managing director of online, and Nieboer has now announced a significant restructuring of the online division’s senior team.

Hills’ special projects director Steven Reid, who helped set up Hills’ Gibraltar online operations, has been named interim Online COO, with a permanent Online COO to be named over the next few months.

Stuart Weston has been named Hills’ new online sportsbook P&L director, joining gaming P&L director James Curwen and International director David Greyling. All three will report directly to Reid (and his permanent replacement).

WSOP Day 20 Recap: Mercier Guns for Third 2016 Bracelet, Ortynskiy and Craig Join Champ League

On WSOP Day 20, the focus was back on the man of the summer: Jason Mercier. He finds himself in contention yet again for a gold bracelet. This time it’s in Event #32, the $10,000 Omaha Hi-Low Split-8 or Better. After two days of play, the PokerStars Team Pro and five-time career bracelet winner is […]

The post WSOP Day 20 Recap: Mercier Guns for Third 2016 Bracelet, Ortynskiy and Craig Join Champ League appeared first on .

WSOP Day 20 Recap: Mercier Guns for Third 2016 Bracelet, Ortynskiy and Craig Join Champ League

On WSOP Day 20, the focus was back on the man of the summer: Jason Mercier. He finds himself in contention yet again for a gold bracelet. This time it’s in Event #32, the $10,000 Omaha Hi-Low Split-8 or Better. After two days of play, the PokerStars Team Pro and five-time career bracelet winner is […]

The post WSOP Day 20 Recap: Mercier Guns for Third 2016 Bracelet, Ortynskiy and Craig Join Champ League appeared first on .

Genting Singapore pumps more investment in S.Korea casino project

Genting Singapore Plc., operator of the Resorts World Sentosa casino resort in Singapore, is pumping more money into its South Korea casino project.

In a recent disclosure to the Singapore Stock Exchange, the Singapore-based gaming firm announced that its’ indirect subsidiary Happy Bay Pte. Ltd. has subscribed for an additional 15 million new ordinary shares at KRW10, 000 (US$8.65) each, in Landing Jeju Development Co Ltd. (LJDC) The total subscription made by Happy Bay to Landing Jeju is worth KRW150 billion (US$ 131.83 million).

According to Genting Singapore, the equity interests of Happy Bay and Landing International Development Limited (LIDL) – a Hong Kong-listed real estate firm – in LJDC remain unchanged at 50 percent following the additional equity investment.

“The Additional Equity Investment is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Company for the financial year ending December 31, 2016. None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the Additional Equity Investment other than through their respective shareholdings in the Company,” Genting said during Monday’s filing.

Singapore casinos punting on mass market players for growth

Singapore is betting heavily on mass market players to give its sputtering gaming industry a push amid China’s anti-corruption drive and economic slowdown.

The Financial Times reported the big casinos in Singapore are looking for other growth drivers in order to cushion the impact of the slowing Beijing economic growth as well as to shore up profits. Analysts say that casinos are attempting to shift away from the VIP business to focus more on mass market gamblers.

That’s why Singapore’s Resorts World, which recently announced that it was cutting staff in its gaming business to stay relevant in the challenging market, is enticing new customers through its newly-opened restaurant, which showcases different Michelin-star chef weekly.

Records showed that net profit at Resorts World’s operator Genting Singapore, which is controlled by Malaysia’s Lim family, fell 70 per cent last year to S$193 million (US$143.99 million), the smallest profit since the casino opened in 2010.