TOP BRASS AT BETEX RESIGNS
1 June 2007
China problems present too many difficulties to
continue
Readers will recall the woes of British lottery firm
Betex, which started with the arrest of three employees
at the Chinese operations of the company some weeks
back, apparently on allegations that they were involved
in illegal gambling. The employees remain in custody and
have yet to face formal and specific charges in court,
adding to the lack of clarity on their situation.
This week events at the company outside China took a
surprising turn, when Peter Greenhill and Stuart Barker,
the chief executive and financial director respectively
at Betex, submitting their resignations. The reason for
this drastic decision is apparently that the two execs
have been unable to receive unambiguous assurances from
the Chinese authorities that they would not find
themselves detained should they enter China - something
the nature of the company's business obviously requires
them to do.
Their fears are based on rumours that their names have
been mentioned during Chinese investigations, and in the
aftermath of the arrests of online gambling execs in the
USA and France earlier this year and in 2006 some
caution and the need for concrete assurances is
understandable.
The situation made it impossible for the two men to
carry out their duties, and led to their resignations
this week.
The Chief Operating Officer, Jeremy Longley has been
appointed CEO in Greenhill's stead, and he will be
assisted by chairman Johnny Hon and the company
secretary. Hon said in a statement that the departing
executives had felt that they were unable to discharge
their responsibilities due to the Chinese situation.
"The board would like to take this opportunity of
thanking (them) for their efforts,” he said.
Online Casino News courtesy of
InfoPowa
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