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Posts Tagged ‘CEO’

NYX Changes CEO and Management Lineup

Tuesday, November 9th, 2010

NYX Interactive is one of those companies that is changing its management. It is common in today’s market for gaming companies to change their CEOs and turn things upside down. The reason is because they want gamers to continue to push for better gaming and better products for their customer base. Remember that the world of gambling is highly competitive and that means that you are going to see companies duke it out for customers. Just look at today’s specials and bonuses. They are nothing like what they were years ago…in the past companies offered a bonus and win here and there. Maybe you could pick up a hundred-dollars for a good promotion, but that was it. Just scan the payouts in today’s market though. You are going to see huge cash payouts, but also trips, prizes, vouchers and other specials. It isn’t time for casino gaming companies to be conservative! It has been proven that they need to be aggressive and that is just what they are doing to compete with one another. They are pushing the ceiling of what they offer to best shine in the market and best capture a new market share. It isn’t hard—they are bringing in the revenue to sustain it relatively easily.

If one thing has grown in the depressed market it has been online gambling. It is no longer small dollars. Now the market has expanded. In fact, Macau recently made headlines by posting a 40% increase in revenues in just one month! That is huge in the market where growth already is fast. Now you can find a long list of games that are specifically designed to keep people happy and that is what is pushing the development of games higher and higher. One of the ways to keep changing things up is for companies to change their management team and that is exactlyh what NYX Interactive is doing. The company is announced the addition of Ms. Ronnlund ot their management team this month. Ronnlund is experienced in the field of finance and should be an asset for the company. The goal is to bring together the biggest experts to make the business a solid one, which is what they are well on their way to doing.

Ladbrokes Changes Up Executives on Staff

Saturday, November 6th, 2010

There are a lot of changes in the world of gambling today. Now Ladbrokes is making serious changes with its gambling public. The company just announced that its management is being moved around. The director of retail operations and the head of online gaming are both being replaced. The purpose, according to CEO Richard Glynn, is to update and refresh their gaming website. The company is noting staleness within the company and to keep up, they have to do something to push ahead. Ladbrokes of course is a huge gaming company in the world. It takes millions of dollars in wagers every month and has a slew of games other than straight wagering to enjoy too. Part of their new goal is to create a loyalty with online gamers and hold onto a market share. This could prove difficult because of the competition in the market, but it also isn’t impossible. Ladbrokes is one of the biggest companies in the world today and that is one of the main assets it has. It knows full well how to do the job and had a long list of success stories to prove it. If you love wagering, no doubt you have heard of Ladbrokes and possibly you have even wagered there and had fun at the online casino.

The casino is now offering a longer and more lucrative incentive program. They know that to keep customers coming in, they have to create an attractive and easy to use website for their customers. Many newer companies that are coming up are automatically building a simpler user interface into their design right from the start. They are pushing for the changes to be immediate and know how to cater to the newer market. Ladbrokes is still an excellent company, but it has room for improvement. CEO Glynn said that he hopes the company will be able to rally now and take on a new configuration. Most likely Ladbrokes is going nowhere—the company knows how to bring great gambling to the world, but it needs to come up with more promotions to stay at the top of the market.

Ramsey Appointed CEO Of Multimedia Games

Wednesday, October 6th, 2010

Gaming companies are working hard to up their value to the public. There isn’t a company at the top of its game today that isn’t constantly reviewing its business model. Executives study forecasts, revenue sheets, business plans and such all day long. Their job is to tweak things here and there and come up with more efficient, more cost effective and more revenue-driven solutions for their businesses. The market of gambling today is highly competitive and executives know that they need to keep on building the best businesses to keep up with the competition. One thing that companies are doing now is to shake up the market. they are looking to their executive staffing and moving people around for a better and more driven team of experts. Multimedia Games just announced that it is former Interim Chief Executive Officer Patrick Ramsey is now being move up to President and Chief Executive Officer for the company. This is great news for Ramsey because he has already been with the company for years. Though only 36, he has worked for Multimedia Games, Inc. for over five years now. He will be also acting on the board of directors, an eight-member team that drives the company.

Ramsey’s former goals were to oversee the company’s day-to-day progress which included reviewing the company’s profitability and maximizing it. There are revenue-sharing agreements for him to go through and over 14,000 gaming units to align to the company’s development goals. The company also has its sights on the future and wants to move in on the global market and the development that is happening in other countries. The market of gambling is booming right now and that means that any company wanting to keep relevant has to work extra hard. Ramsey is well aware of this and already has a battle plan in mind. He is well adept at the market and in tune with the company’s strengths and weaknesses. Executives and owners are hoping that he will be the one to further develop the company into a leader in the market. Not that it isn’t a leader already, but it has enough competition that it can’t yet sit back and enjoy its spoils. Hopefully Ramsey will help to change that.

MGM Mirage Making Big Changes

Thursday, September 30th, 2010

In the world of gambling things are changing quickly. MGM Mirage just announced that it has built an agreement to sell Colorado Belle and Edgewater hotel/casinos. The locations are located in Nevada and are being sold for $200 million. Together the two businesses combine a huge offering to the market. They have over 2,500 suites for patrons, over 138,000 square feet of casino room, 2,225 slot machines, 72 table games, and hosted on over 55 acres of land. It’s no secret how popular the MGM Mirage name has become in the market. if you love gambling, then no doubt you have taken advantage of the brand. Anthony Marnell III is the current CEO and chairman of the MGM Mirage resort company. His team has joined forced with Sher Gaming, LLC. Together the group purchased the Saddle West Hotel and Casino in Nevada. The purchase means huge revenue for the company, but also is coming with a problem. The Nevada gambling industry has suffered since the recession. Sher Gaming LLC is going to have to find ways of bringing customers in and maintaining its own market share. It is going to have to push innovation in the gaming industry to remain viable.

One of the big changes in the market is the varying affiliations and joint ventures going on. It is a great time to watch the gambling market develop because of the varying changes going on. Remember that if you are new to gambling now is the time when you can take advantage of the widespread bonuses and promotions casinos are creating. With the various affiliations and gaming ventures, expect more to come into the market. In addition, the world of gambling is growing exponentially. It is worth about $3 billion now and that number is expected to grow to $7 billion in the next few years. That means that operators and owners of casinos are going to continue to push the envelope when it comes to gaining and maintaining customers. That means that customers are going to have huge advantages. They can find some of the best bonuses and specials—whether searching for an online casino or a land-based one.

Multimedia Gaming Appoints New CEO

Thursday, September 23rd, 2010

There are a lot of changes going on in the gambling market these days—and not only on the front lines. New leaders are being moved into the head positions at gaming companies left and right. If you watch the growth of companies, then you know that sometimes bringing a new CEO to a top-level position is exactly what a company needs to shake it up and bring a new skill set to the table. Any company is built from the knowledge of the people involved and that is what dictates for the most part how far the company goes. Multimedia Games is a company that has been around for a long time and has built a great name for itself over the years. The company is a technology developer and distributor that has created a huge selection of electronic gaming software for Class II and Class III Native American gaming industries. The company also provides software for games used at racetracks around the world. Overall this is one of the best gaming software companies in the world and has a huge number of achievements in the market.

The company recently announced that it is bringing new CEO Patrick Ramsey in. Mr. Ramsey has already been tasked with hefty aspirations. Since joining with the company though, he has made some considerable strides in the market. So far he has already focused on improving daily operations within the company, including stressing the company-customer relationship. Ramsey’s direction has led the company to a customer-centric business model. Ramsey knows full well that the key to building a brand in the casino world is to create a strong and loyal customer base. Without it, a company has no chance of maintaining its place in the market. Over time, the company sees some lofty goals as completely attainable with the help of the new CEO’s vision and direction. He is a leader in the business world and has already reworked the company’s revenue sharing programs and plan for revamping its business development plan. The company only sees good things with the change in CEO and addition of Ramsey’s particular skill set to the company’s human resources.

Another CEO Steps Down

Tuesday, September 14th, 2010

The world of online gambling executives is constantly shifting. It seems like every month when you go to the online casino news world, you find another CEO stepping down, or replaced. It may be a part of the competitiveness of gambling and how quickly the market is moving, but CEOs are moving just as quickly. Boyle Sports online casino just announced that its CEO of just five months Lee Richardson is now stepping down from his position. The reason is vague and he only released that it is a “personal family matter” as his statement for leaving the company. He is already replaced though as it was also released that John Boyle, managing director of the company, is going to be his permanent replacement. Some experts are speculating that the commute could have been what did Richardson in as a CEO. He commuted from Ireland, the company’s headquarters, and his home location in England.

The good news is that the company is well prepared for the transition despite its seemingly sudden occurrence. Boyle is a leader for the company and has made a name for himself in the market by being highly involved in depth with his company. This is what is making the move that much easier. In the world of gambling everything is changing quickly and that includes everything from the games to the leaders. The market is also moving with new technologies and new promotions. No one knows how far the market is going to go, but one thing is for sure, it is going to go quickly. In the world of online gambling you have to stay tuned in to keep up with all of the promotions and bonuses that come into play on a weekly basis. It’s hard to stay connected, but it also is a sign of a great company when it contnues to evolve. Evolving quickly may be the sign that the company is on an even faster trajectory to the top of the market. if you love gaming, then check out Boyle Sports. There are enough wagering options at the casino to keep you happy and entertained for hours.

Party Poker Announces Another Promotion

Sunday, March 28th, 2010

Online site Party Poker has major events on the way with the announcement of their French release. Poker in France has become widely popular over the past two years with well-known players such as Bertrand “Elky” Grospellier and Antoine Saout directing the way on the world wide market. As a result, many newer players have taken to the virtual games with the goal of creating in the potentially lucrative online poker gaming world. This is an exclusive deal with PMU made to take advantage of the sweeping poker trend in France. The deal will see Party’s poker software being used in conjunction with the pari-mutual horse racing company PMU to provide a new gaming site for French players. For now the project is in transition while both entities are waiting for their licensing to come through but once the technicalities are completed the website should be up and running very quickly.

PartyGaming’s CEO, Jim Ryan is ecstatic. He is pleased with the company’s recent business deal, stating that it is consistent with their plans to expand and secure the services of a number of high-value partenrships. This is one of the best thing about the gambling world- there are a wide number of affiliations going on at any given time and they only make for better gaming for the customer. Companies online are highly competitive and need to create the best promotions to bring more and more people in. The world of internet gambling is also growing quickly and technologies are moving towards better and better gaming capabilities. Only the companies that manage to maintain a dynamic and fresh use of technology mixed with great bonuses are going to remain lucrative throughout the next few years. The US is working to legalize and regulate online gaming and that means that there is a huge industry focus on the development of the market. Now that the recession is over, poeple are just starting to move back into their old spending habits and hopefully that includes gambling. It will take time to get completely back to normal, but things are looking good. Casinos are showing some growth and that’s great news for operators.

Party Gaming is Making Big Changes

Wednesday, March 24th, 2010

The recession was hard on the gambling industry and the market is just turning around now. New studies have shown that nascent signs of growth are here. Leading online gambling operator PartyGaming, owner of PartyCasino, has revealed that its fourth quarter revenue has risen by 32% to $132.2million; this has been achieved by large acquisitions of companies including cashcade and a strong performance in its online casino and sports betting areas. The adjusted earnings before interest, taxes, depreciation and amortization and now likely to be slightly ahead of the board’s expectations; with new player sign-ups in the quarter rising 3% to around 213,000. “Whilst the regulatory picture in some countries remains uncertain, the momentum towards creating commercially viable and regulated markets is strong,” said CEO Jim Ryan. “Quarter 4 finished even stronger than we had anticipated, largely due to casino,” says KBC Peel Hunt analyst Nick Batram. “Meanwhile, poker has delivered its first quarterly sequential revenue growth since Q1 2008. This is yet another example of management delivery.”

In other PartyGaming news, the company has separately announced the appointment of Per Widerstroem to a newly created role of chief operating officer at the online casino company. This is a move that could prove to be a wise one for the casino. Not only does it help with the question of bringing new ideas into the mix, it also helps to solidify Party Gaming with a CEO who has a great reputation for former success in the market of gambling. Widerstroem has an impressive resume of working with other companies and bringing them to the next level of excellence. He is a leader with a special know-how when it comes to the gambling market. He was instrumental to building the former success of other companies and building their promotiional and advertising departments. He was able to start new things while still creating exciting and reliable fun for this client base. The best thing about his guidance is his direction and ability to focus the companies he has worked for on the corporate vision. Only time will tell how well he does, but most likely this is a move the company will benefit from for years to come.

New Management Changes at Huge Casino

Thursday, March 18th, 2010

It is uncertain how Las Vegas plans to deal with online gambling. Nevada gaming regulators may clamp down on contractual relationships between the state’s casino operators and non-gambling arms of the Internet gaming industry. Online gambling has become a major source of new revenue for Las Vegas, but not in the traditional way. Several years ago, the World Series Poker, which is owned by Harrah’s Entertainment, set self-imposed guidelines prohibiting online gamblers from qualifying to the tournament through the Internet. The move reduced the number of entries into the tournament’s $10,000 buy-in main event by more than 27 percent from its peak year.
This method of recruiting in not unique to the WSOP. Last month, The Venetian held the inaugural event of the newly created North American Poker Tour, which is sponsored by PokerStars. In the $5,000 buy-in event that was taped for airing on ESPN2 next month, 872 players entered, including 25 who qualified through PokerStars.net. Gaming Control Board member Randall Sayre said he is drafting a letter to the casino industry that sets guidelines for entering into deals with Internet gaming businesses. “We don’t have a policy and clearly the board needs to boil down exactly what that policy needs to be,” Sayre said. “Some gaming licensees play carefully by the rules and others do not. I do not believe the board can remain silent on this any longer.”
Veteran gaming attorney Frank Schreck agreed that the control board needs to set rules for dealing with Internet gaming businesses. He said responsibility for complying with regulations falls on the casinos. “There is a lot of confusion right now in the industry and there needs to be some regulatory guidelines,” Schreck said. “All we’re asking is to tell us what is permissible.” Legally, internet gambling sites cannot accept bets from Americans. In the 2006, the Unlawful Internet Gaming Enforcement Act became law which made it a crime for banks and other financial institutions to process transactions used in online gaming. Several Web sites, including PokerStars and FullTilt, created two Internet portals. One location is designated as a .com and accepts wagers. The second site, designated by .net, does not accept wagers and serves as an introductory and tutoring location for potential gamblers. However, the .com locations are easily accessed through the .nets. “Oftentimes, there is very little difference between the dot-nets and dot-coms,” Sayre said. “This is something that has been tolerated but the board needs to ask itself if this relationship is reasonable

Pinnacle Almost Committed to New CEO

Thursday, March 18th, 2010

It is not uncommon for high ranking officials in the Las Vegas gaming community to more from resort to resort.  There is no surprise, then, Pinnacle’s new CEO has a history in Las Vegas.  Former Harrah’s Entertainment executive Anthony Sanfilippo has been named president and chief executive officer of regional casino operator Pinnacle Entertainment, the company announced Monday. Sanfilippo, 51, replaces interim CEO John Giovenco, who had been operating the Las Vegas-based company since November. Giovenco will continue to serve on Pinnacle’s board of directors. Pinnacle hopes Sanfilippo’s storied background will help.  Sanfilippo, who was also named to the company’s board of directors, spent more than 25 years with Harrah’s, managing and developing casinos in regional markets, including Louisiana, Missouri, and Indiana where Pinnacle operates resorts. He also worked for Harrah’s in Nevada. Since June 2008, Sanfilippo served as CEO of Multimedia Games, a gaming equipment provider. Perhaps as a show of good faith to a new relationship,  Pinnacle announced that Sanfilippo is purchasing 125,000 shares of the company’s common stock at $8.64 per share, which was the closing price on Friday on the New York Stock Exchange.

“A majority of his compensation is linked to Pinnacle’s future performance,” the company said in a statement. “Our priority will be to fully leverage the portfolio of quality regional gaming properties that Pinnacle possesses with a commitment to offering a world-class guest experience in order to capture increasing share of this demand,” Sanfilippo said in a statement. Sanfilippo had a number of duties in his previous position and Pinnacle hopes they will be found beneficial in his new position.  At Harrah’s, Sanfilippo was president of Harrah’s central and western divisions, overseeing the operations of more than two dozen casinos. Sanfilippo was also involved in Harrah’s growth, including the acquisitions of Horseshoe Casinos, the Grand Casino & Hotel brand, Players International and the Louisiana Downs racetrack. Sanfilippo was also president Harrah’s New Orleans. In addition, Richard Goeglein was named Pinnacle’s permanent board chairman. Goeglein had been interim board chairman since November. Dan Lee, Pinnacle’s former chairman and CEO, resigned in November after a public dispute with a St. Louis elected official.