PARTY GAMING BOSS SHOWS CONFIDENCE
30 November 2007
Garber holds on to share options
The CEO of London listed online gambling group
PartyGaming is displaying some confidence in the
company, taking options for 3.5 million shares and
reversing previous plans to sell some of his existing
stock.
Under his planned sale programme, CEO Mitch Garber was
to have sold shares between December 19 and 31, but this
decision has been deferred. He now holds 8.75 million
shares in the firm, more than double the amount he is
obliged to hold in terms of his contract, reports the
Reuters news agency.
The online gaming group is awaiting a decision from U.S.
authorities on its likely punishment for taking bets
from U.S. gamblers last year before the Unlawful
Internet Gambling Enforcement Act was signed into law
last October. Party Gaming immediately withdrew from the
United States market when this occurred.
Online Casino News courtesy of
InfoPowa
More news here.
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