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Wynn Resorts reconstitutes Board of Directors again

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Wynn Resorts Limited has announced further changes to its Board of Directors.  Director John J. Hagenbuch will not stand for re-election to the Board of Directors at the Annual Meeting of Shareholders on May 16, 2018. Director Robert J. Miller has also resigned from the Board. These departures, along with the previously announced departures of directors Steve Wynn, Ray Irani and Ted Virtue, and the upcoming departure of director Alvin Shoemaker in 2019, mean that 60 per cent of the Board that was serving at the beginning of the year will not be part of the new board. In April 2018, the Board elected three new female directors, resulting in a current representation of female Board members of almost 50 per cent.

“We respect Jay’s decision to withdraw his candidacy for re-election to the Board, and we are immensely grateful for his many contributions to the Company over the course of his 5½ years of service,” said D. Boone Wayson, Non-Executive Chairman of Wynn’s Board of Directors. “Jay has helped drive change and long-term value creation at Wynn, and his decision to remove himself from the Company’s ballot to end the distraction of the withhold campaign is a reflection of his loyalty to Wynn Resorts and his commitment to the success of this Company.”

Pat Mulroy, Chair of the Board’s Special Committee and member of the Nominating and Corporate Governance Committee, said, “I commend Jay and Bob for their strong stewardship on the Board and for always putting the best interests of the Company and its shareholders first. Jay was a superb Chairman of the Audit Committee and an invaluable member of the Special Committee – his wisdom, thoughtfulness and commitment to an objective process will be sorely missed. Bob, as the longest serving director of this Company, added incredible value to our process and work. I am grateful to have had the honour of working with them.”

Hagenbuch said, “Over the past three months, the Board has done a remarkable job maintaining stability at Wynn and managing through a tumultuous time that could easily have caused much deeper disruption to the Company’s business. There is still more work to be done, and I do not want my candidacy to detract from the important progress we have made throughout the organisation, including the ongoing refreshment process this Board has initiated. Wynn Resorts is a strong company, poised for long-term growth and superior shareholder value creation, and I am proud to have served on its Board.”

Wayson continued, “Bob Miller has been a strong member of this Board for over a decade, and his contributions have been invaluable. He has served as the Chair of both our Nominating and Compliance Committees and as Lead Director, dedicating enormous time and energy to advance the interests of shareholders throughout his tenure. His resignation at this time further underscores his full support of the process we have initiated to continue to move Wynn forward and we are indebted to him for his service.”

Miller said, “The time has come to leave the past behind and allow Wynn Resorts to embrace a wonderful future. I am thrilled with the recent additions of Betsy Atkins, Dee Dee Myers and Wendy Webb to the Board, and I believe a new standard of excellence in corporate leadership has been established. My departure will afford the Board the opportunity to continue to bring on new, independent voices and fresh perspectives. I have been proud to be part of one of the world’s finest resort companies and have the utmost confidence in our Board and management team’s ability to successfully remake Wynn for the future.”


Source: EuropeanGaming.eu

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Phil Silver honoured by MPs for contributions to social responsibility

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Phil Silver honoured by MPs for contributions to social responsibilityReading Time: 2 minutes

Conservative Party MPs Sir Peter Bottomley and Rt Hon Nick Herbert attended a presentation to honour former Bacta Compliance Officer, Phil Silver and to mark his contribution to the development of a social responsibility culture in Britain’s adult gaming centres, seaside arcades and bingo clubs. Phil Silver received the Bacta Community Award at the presentation hosted by Esther O’Neill and Sarah Clarke of Worthing based Connaught Leisure.

Highlighting his work with social responsibility organisations including GamCare, the national provider of information and support for anyone affected by problem gambling and the Gordon Moody Association, the first charity in the UK dedicated to providing residential treatment to help problem gamblers, Bacta National President Gabi Stergides said: “In a career with Bacta spanning three decades Phil Silver has made what I would argue is the single biggest contribution to social responsibility in the low stake gaming industry. Thanks in no small part to Phil, Bacta was the first gaming industry body to work in partnership with GamCare and his contributions as a Trustee of the Gordon Moody Association have been invaluable. In his role as Bacta’s Compliance Officer he has assisted members implement the social responsibility commitments that are a requirement of being part of the trade association. His contribution to the development of an industry that upholds the highest standards of social responsibility cannot be underestimated.

Commenting on the industry recognition, Phil Silver said: “I am delighted to receive this award which marks the end of my long career with Bacta. Members of the trade association understand that it’s not enough to simply support social responsibility and customer protection, businesses have to demonstrate it. We have undertaken some pioneering work and I’m extremely proud that I was able to make a small contribution to the massive issue of social responsibility in gaming.

Reflecting on the presentation Bacta chief executive, John White said: “It was extremely generous of Nick Herbert and his fellow Sussex MP, Sir Peter Bottomley, to present Bacta’s Community Award to Phil Silver. Their attendance acknowledged Phil’s contribution to the amusement machine industry over a thirty year career and his support for problem and at risk gamblers via charities Gamcare and the Gordon Moody Association. I would personally like to thank Nick and Sir Peter for taking time out of their busy schedules in order to present this Award and to Esther and Sarah for hosting us at Connaught Leisure, the business that was created by the late Pat O’Neill who was a great friend to so many Bacta members. The presentation reflected the great importance that Bacta and its members place on social responsibility.

 

About bacta:
Bacta represents the amusement and gaming machine industry in the UK, encompassing high-tech and creative manufacturers, machine suppliers for pubs, clubs and bingo halls, as well as operators of Family Entertainment Centres and over 18s Gaming Centres. Bacta members include the whole of the amusement machine supply chain in the UK, which has a collective turnover of nearly £2bn across more than 500 companies, operating in excess of 310,000 machines.


Source: EuropeanGaming.eu

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NetEnt’s Mega Fortune™ strikes again after lucky player wins €3.7m jackpot

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NetEnt’s Mega Fortune™ strikes again after lucky player wins €3.7m jackpotReading Time: 1 minute

NetEnt, leading provider of digital gaming solutions, has continued its jackpot hot-streak after another lucky player from Sweden dropped a massive win when €3,773,845.27 was collected while playing Mega Fortune™ on LeoVegas casino.

 

May 25th, 2018 – The winner from Sweden had staked just €4.80 before going on to take the €3.7m jackpot on NetEnt’s popular jackpot game Mega Fortune™ in early May.

This latest big win showcases that NetEnt continues to lead the way in jackpot games with a massive five millionaire-making jackpots dropping in 2018 alone, paying out an astonishing €19,799,183 so far this year.

Henrik Fagerlund, Chief Product Officer of NetEnt, said:The jackpots just keep on coming and we’re happy to see another player scoop a life-changing amount of money while playing our games.

At NetEnt, we thrive on providing moments like this for operators and players alike, and hope that our good luck continues as we head into the summer.

 

NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by their cutting-edge platform. With innovation at its core, NetEnt is committed to helping customers stay ahead of the competition. NetEnt is listed on Nasdaq Stockholm (NET-B), employs 900 people and has offices in Stockholm, Malta, Kiev, Gothenburg, New Jersey, Krakow and Gibraltar. www.netent.com


Source: EuropeanGaming.eu

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IGT obtains long-term Norsk Tipping bingo supply deal

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IGT obtains long-term Norsk Tipping bingo supply dealReading Time: 1 minute

IGT Global Services will be the provider for Norway’s new online bingo solution in a recent deal made with Norsk Tipping AS.

The new deal comes after an already existing six-year business relationship between IGT and the state operator.
Norsk Tipping’s head of igaming and VLTs, Hans Erland, noted that the new online bingo solution would bring an enhanced digital offering to players and the proceeds would remain in Norway, being donated to support the arts, sport and cultural initiatives.

The contract provides for an online bingo solution in combination with online casino and instant win games. It is a five-year contract and includes provision for three two-year extension, potentially giving an overall 11-year relationship.

Norsk Tipping’s current digital bingo platform was provided by IGT in 2014. Its replacement is built on multi-channel HTML5 for desktop, tablet and mobile and offers 10 game variations.

Declan Harkin, senior vice-president and chief operating officer, international, at IGT, added: “This agreement enables Norsk Tipping, a leader in regulated digital gaming, to strengthen player acquisition and retention through IGT’s new online bingo solution, offered in combination with online casino and instant win games and available seamlessly in a single game window.

 

Source: intergameonline.com


Source: EuropeanGaming.eu

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