On August 4th, 2008, Leisure and Gaming announced that their CEO, Henry Birch, has decided to resign from his position to pursue other plans. Birch assumed his position in 2006 after serving as a Director since the organization's flotation on the Alternative Investment Market in London in 2004. He took over as CEO as the organization was in the middle of the problem created by the approval of the Unlawful Internet Gambling Enforcement Act and the sale of their U.S. based operation. Birch was able to successfully turn around the fortunes of Leisure and Gaming.
Birch will be replaced by Richard Creed, who only replaced Michael Baird as Leisure Gaming's Chief Financial Officer in May. Leisure Gaming revealed that Richard Creed will continue to handle the financial division of Leisure Gaming with the help of Paul Milburn, the Finance Director of subsidiary Betshop Group. Leisure and Gaming is a holding organization that focused on online wagering and gambling sector with operations made up of online and retail sports wagering service BetShop Italia, pan-European casino and poker business BetShop.com, mobile and Internet soccer information service GoalsLive.com and Internet casino AcropolisCasinos.com.
Birch said that he will leave his post as CEO with confidence that the company is in good hands. He added that they are very fortunate to have Richard Creed as a successor because he is a good leader with a good gaming experience and he will be leaving the company in good hands.
Leisure and Gaming recently announced that dealing for the 1st half of the year has been within market predictions with earnings of around $1.87 million. It shows that it expects to have their Italian shops functioning this month and anticipates on offering Internet poker through their network before the end of 2008.
08/21/2008 04:40 PM