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Management changes at PartyGaming Group
December 17, 2007, 8:18 am (3 years ago)Feeling the pinch from the US internet gambling markets following the the Unlawful Internet Gambling Enforcement Act also known as "The Gambling Bill" from previous year, and awaiting to hear what the US Department of Justice has to say about its previous UIGEA activities, Party Gaming hired and brought to the chairs 4 new directors this week.
those are tough times to be signing up with the internet gambling group, which brought a tax loss of 23.5 Million Pound in the 6 months to the end of 6/2007, this is compared to a gain of GBP 149.1 million in the same period of time on the previous year.
The new directors are: Lord Moonie, has accepted a directorship, so did Stephen Box (financial adviser since 1997 - 2002)
Two other non-executive directors appointed were: John Davy and Emilio Gomez, the representative of shareholder Anurag Dikshit the 25 year old wonder boy of India.
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