Tag Archives: jason ader

SpringOwl’s Jason Ader wants Amaya to have a ‘clean break’ from ‘discredited’ David Baazov

Activist investor Jason Ader the CEO of New York hedge fund SpringOwl, has urged the governance of Toronto-listed Amaya Inc to cut its ties with former Chief Executive David Baazov. Canadian business news sources have reported that Ader has sent a formal letter to Amaya governance stating that it was ‘time for the company to fully move on from Baazov’s …

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Springowl’s Silvers leaves bwin.party board

Daniel Silvers one of the non-executive directors appointed to the board of bwin.party Entertainment by investment fund Springowl has stepped down from the governance position. Silvers exits the bwin.party board having withdrawn from his position as Springowl President. Recommended by bwin.party activist investor Jason Ader CEO of Springowl (owner of 5.1% of bwin.party shares). Silvers had been appointed in May …

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888 Chairman Brian Mattingley wants fair fight for bwin.party

Speaking to The Times, 888 Holdings Chairman Brian Mattingley stated that he remains confident that his firm would win in its pursuit of bwin.party Entertainment, against the increased takeover bid of GVC Holdings. Mattingley who replaced Executive Chairman Richard Kilsby in May, told The UK newspaper that he expects a clean and fair fight for bwin.party operations, as GVC increased …

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Ader’s Springowl tells GVC Holdings to increase its bwin.party bid

New York activist investor Jason Ader has suggested that GVC Holdings Plc will need to increase its 122.5p per share offer in order to succeed in its takeover bid for bwin.party Entertainment. Ader’s investment fund Springowl, which owns 5.2% of bwin.party, has stated that GVC Holdings and its bid backer Cerberus Capital Management will need to up its offer to …

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Yea & Teufelberger outline strategy for bwin.party recovery

Having reported a revenue decrease of 7% in their H1 2014 interim results, bwin.party Chief Executive Norbert Teufelberger and company Chairman Philip Yea outlined key criteria for the operator’s recovery. The company directors pinpointed to a restructuring of bwin.party senior management, with a view to bring in fresh ideas and new approaches which will aid the operator in saturated markets. …

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Numis suggests bwin.party sell-off could aid company value

London Financial stock brokerage and corporate advisor Numis Securities issued a statement suggesting that underperforming igaming operator bwin.party, should look to sell corporate assets in a view to raise its market value. The corporate advisor, noted that the operator could potentially sell igaming assets and services at twice the  current market capitalization. The statement made by Numis Securities saw shares …

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bwin.party set to further cut costs

Under a new revised corporate strategy, bwin.party are set to undertake €10 million (£7.8 million) of cost cut measures, which senior management of the operator believe will help meet its end of year targets and additionally boost shareholder value. bwin.party’s trading statement published on Tuesday said the operator had benefited from the FIFA World Cup in Brazil, but the statement …

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bwin.party denies rumours of plans to sell assets

Amid business rumours that igaming operator bwin.party were looking to sell various business assets of their igaming network, bwin.party senior management issued the below statement to quash the rumours. “Since his appointment as Chairman last month, Philip Yea has been working with the executive management team on ways in which the Group can increase shareholder value, however we can confirm …

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bwin.party appoints SpringOwl’s Silvers as non-executive director

bwin.party announced the appointment of Daniel Silvers as Non-Executive Director. The appointment of Daniel Silver came after last month’s announcement of board changes for the operator. Silvers currently serves as president of activist investor SpringOwl, as well as on the board of directors of India Hospitality Corp. Silvers has prior gambling experience having served on the board of directors for …

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