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Wynn Resorts board says NO to chairman candidate

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Wynn Resorts board says NO to chairman candidateReading Time: 2 minutes

The board Wynn Resorts Ltd., which was mired in the controversy over sexual abuse allegations against its previous, has reportedly rejected the new chairman candidate. It is said that Elaine Wynn, the majority stakeholder, had proposed the new candidate. The filing to the US Securities and Exchange Commission, which revealed the development, did not identify the candidate proposed by Ms Wynn. A report by Bloomberg News identified the person as Phil Satre, the former chief executive of Harrah’s Entertainment, now called Caesars Entertainment Corp. He is currently chairman of casino equipment maker International Game Technology Plc.

The news agency said Mr Satre had confirmed to Bloomberg he withdrew his name from consideration for a Wynn Resorts board seat, but Mr Sartre did not provided further details about the matter.

Wynn Resorts is the parent company of Macau casino operator Wynn Macau Ltd. The parent firm has expressed interest in bidding for a potential casino licence in Japan.

In her latest filing, Ms Wynn stated that her proposed candidate was “extremely well-qualified”, having served “on the boards of at least six public companies, including as chairman of the board of three public companies, and has extensive credibility with gaming industry regulators”. The document added that the person was not a “close associate” of Ms Wynn.

The filing said: “the reason provided for [Wynn Resorts] board’s decision was that neither the nominating and corporate governance committee nor the full board wanted to bring in an outsider as a vice chairman, despite the candidate’s qualifications.”

Ms Wynn further added that, “in an effort to resolve differences between the company and herself, [she] had offered to sign a multi-year standstill in exchange for the candidate’s appointment as chairman.”

The filing stated that the candidate had “made a board leadership position (chair or vice chair) an express condition to his willingness to join the board, because he felt that a leadership role would be necessary for him to be in a position to help address the company’s regulatory issues.”

The document added: “While the board offered the candidate a board seat, the board did so knowing that it would not meet the candidate’s condition, and he declined.”

In the filing, Ms Wynn again called for all board members of Wynn Resorts to be elected annually. She also expressed concerns that the board “would do something inappropriate with respect to the terms of the departure of Kim Sinatra,” arguing that Wynn Resorts should seek advice whether to consider this a ‘for cause’ termination. Ms Sinatra will cease to serve as the company’s executive vice president, general counsel and secretary with effect from July 15.

Wynn Resorts has been under pressure from Ms Wynn, a co-founder of the firm, and from some investor advisory firms, to bring in new faces at senior level since the publicity given in January to allegations that former chairman and chief executive Steve Wynn had sexually harassed employees. The entrepreneur has denied the claims, and eventually left the firm in February.

The structure of the Wynn Resorts’ board has changed dramatically over the past three months, with 60 per cent of the directors that had been in place at the start of the year now having departed.

The casino company announced in April the appointment of three new directors for its board, all of them women.

Source: ggrasia.com


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Betsoft Gaming Jumps Ahead in Curaçao with Jumba Bet Content Agreement

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Betsoft Gaming Jumps Ahead in Curaçao with Jumba Bet Content AgreementReading Time: 3 minutes

 

 Betsoft Gaming remains a leader in the Curaçao regulated market, signing the latest in a series of far-reaching content agreements with customer-focused casino Jumba Bet.

eement covers all Betsoft games licensed for the jurisdiction, including player favourites and cutting-edge titles from the Slots3TM series.  The partnership also provides for the integration of further content over time, allowing Jumba Bet’s players to experience new innovations in upcoming games like the genre-redefining Max Quest: Wrath of Ra.

Founded in 2016, Jumba Bet is an upbeat online casino, presenting players with a choice of more than 130 of the industry’s finest slot games, accessed through a joyful, jungle-inspired user experience.  Jumba Bet has maintained a focus on customer satisfaction from its inception, with the promise of “positive gambling mojo” backed up by personalised service available around the clock.

“Jumba Bet has built its name on brand identity and trust, and this combination has seen them become one of the fastest-growing casinos in the market” explains Annamaria Anastasi, Marketing Director for Betsoft.  “We are thrilled to be able to help Jumba Bet sustain that pace of growth, providing its players with an uncompromising experience across a broad range of different games.”

A key criterion for Jumba Bet’s choice of content provider was consistency and quality across different devices, as Jumba Bet’s Patrick Duncan explained:

“We are one of the fastest-growing casino brands, and this is in part due to our ability to offer the best and most innovative games anywhere, at any time.  In this sense, Betsoft’s suite of HTML5 content is a perfect fit for the kind of experience we want to present to our players: only the best, whatever their device.  This partnership will provide us with access to a rich library of exciting, modern games, making it a match made for success.”

 

About Betsoft Gaming:

Betsoft Gaming develops innovative casino games for desktop and mobile.  Its portfolio of more than 190 RNG titles reaches players through partnerships with many of the iGaming industry’s leading operators.  Under the SLOTS3TM banner, Betsoft is elevating players’ expectations; these cinematic, true-3D slots blend rapid, gratifying gameplay with an audio-visual excellence more typical of movies and videogames.

An early entrant to mobile gaming, Betsoft launched the ToGoTM collection in 2012.  More recently, Betsoft revealed the ShiftTM environment, which supports truly cross-platform development at the same time as increasing performance, drastically reducing file size and streamlining integration.

Casino Manager, Betsoft’s comprehensive back-office platform, rolls reporting, management, marketing, promotion, and administration into a single compelling package.

Betsoft is headquartered and licensed to operate in Malta, and holds additional licenses in Romania and Curaçao.  Contact sales@betsoft.com or visit www.betsoft.com for general information and enquiries.  For press and marketing enquiries, email press@betsoft.com.

 

About Jumba Bet:

Since launching in 2016 under the Funky Fortune brand licensed in Curaçao, Jumba Bet already has a strong following of loyal players because of their stable reputation and how easy it is to play and win at this entertainment destination.

Providing players with only the best, Jumba Bet uses Saucify, a software provider with more than 15 years’ experience who understand what it takes to create a one-of-a-kind online playing experience.

Not only boasting a selection of games that are completely different to any other operator, the casino also hosts the very exclusive and interactive Spin16 slots where the reels spin up, down, left or right to increase those winning chances.

This vibey, jungle themed casino has already established a powerful reputation of trust amongst members due to its 97% pay-out ratio. It too, has completely revolutionised gaming with their innovative and incredible selection of over 130 amazing games which are unlike anything you’ll find anywhere else.


Source: European Gaming Media

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Best Gambling secures Gambling Commission licence

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Best Gambling secures Gambling Commission licenceReading Time: 1 minute

 

Best Gambling Ltd are very pleased to announce that they have been granted an Operator’s Licence from the UK Gambling Commission.

This allows Best Gambling to provide a new platform for gambling start-ups (or scale-ups) with great product ideas and who want to operate in the UK.

Ian Beauchamp, CEO of Best Gambling, commented “Securing a Gambling Commission licence is a major achievement for the business, that, in addition with, the senior management team receiving their respective Personal Management Licenses will take us to the next level in the growth of the company. Best Gambling can now accelerate towards launching the first, of what I believe will be, an exciting and innovative range of products into the UK market.”

“We look forward to meeting with start-up / scaling enterprises and potential investors alike as we grow the business”.

 

For further information: www.bestgambling.co.uk


Source: European Gaming Media

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NetEnt beta-launches affiliate business

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NetEnt beta-launches affiliate businessReading Time: 1 minute

 

Today NetEnt announces the beta-launch of its own affiliate business. Via a brand-new games section at www.netent.com, video slot fans will now be able to try out all the NetEnt games while at the same time receive great bonus offers from operators.

The aim is to create a place where players can enjoy the complete portfolio of NetEnt games for free, while operators can offer traffic-driven bonuses to players that are interested in the full experience, playing for real money. Offers and bonuses from Leo Vegas, Casumo, Cashmio and ComeOn will be available to NetEnt fans through this beta-launch.

Working with affiliates is a proven method for operators to reach new customers in a cost-efficient way. The method is rapidly growing and has been successful in verticals like travelling and e-commerce.

Therese Hillman, CEO of NetEnt, comments: “This is both an important and natural step for us, positioning us in an attractive part of the value chain, as we continue to offer the ultimate entertainment experience. This new strategic initiative is a great way for us to strengthen our relationship with both operators and players.”

“We know that we create entertaining slot games and our brands have a strong position on the market with a lot of fans and dedicated players. Through our affiliate site we’ll be able to supply operators with traffic and provide Netent fans with great content and offers when they play our games.”

NetEnt’s affiliate business is launched alongside a brand new and innovative game section at www.netent.com. On the new site NetEnt fans can enjoy the full NetEnt portfolio, play their favorite games, find similar titles through playlists and themes and then go on to play the games they like with our secure and trustworthy affiliated operators.

 


Source: European Gaming Media

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