According to Games Media, Roger Withers has been appointed as a Non Executive Director. Withers is at present non executive director at payment processing provider, Fire One and chairman of Playtech Plc.
Roy Howell of Games Media has said that he is delighted that Roger has agreed to join the team here at. He says that he will serve well in broadening our international presence. He added that over the last twelve months, Games Media has extended its resources and sales radically.
According to Howell, Games Media is shifting its digital games and their entertainment elements are gathering pace ahead of schedule as a part of their drive for export revenue streams that, he says, with Roger’s support will accelerate.Withers sees Games Media as a very animated and forward-thinking company which Withers says that he is pleased to be joining at this stage of their development.
Games Media is the umbrella organization for a group of companies at present comprised of Voodoo Games, Global Games, Games Multi Media, and Channel 1 Games. Each company has know-how in developing, designing, and publishing compelling entertainment content and pay-to-play gaming.
The company which was founded in April 2003 by Andrew Ludlow and Roy Howell, has recently spearheaded a successful ‘buy-in management buy-out’ of Club specialist Global Games and AWP and now it presently has business centers located in the South East of Britain and the Midlands.
As Some Online Gambling Entrepreneurs Reel From The Results Of Recent Legislation, Company Consolidation Is The Key Word
Their online news site Y-News reported last Wednesday morning that marketing expert, Noam Lanir, the Israeli online gambling and online poker entrepreneur, received $40 million for the sale of his remaining shares in Empire Online to PartyGaming.All signs point to Lanir’s exit from the online gambling industry, only the short time of a year and a half following his company’s being listed on the London Stock Exchange. Lanir has said that he will take the $300 million that he has received for his sale of Empire Online stock and put it in real estate.
It is expected that the sale of shares to PartyGaming, the world’s number one operator of gambling Web sites, will be completed by week’s end. Israel experts see this move as a sign that 888 and Playtech, the last two remaining Israeli online gambling companies that are being traded on the London Stock Exchange, may be following suit since the passage of the U.S. Unlawful Internet Gambling Enforcement Act which bars United States financial institutions from doing business with online gambling sites.
When first traded on the London exchange, Empire had a value of US $928 million when first traded in London. But with the passage of the anti-gambling legislation, the share value in recent months has dropped significantly. Since a fall in share value of 80%, the company’s value now stands at US $244 million.