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Simon Lewis
from the Irish mail on Sunday December 2nd 2007 discusses Liverpool and
Gillette
George
Gillett Jr appears to have long practiced the lesson learned this week by
his employee Rafael Benitez – that it pays to keep one’s thoughts to
oneself.
Liverpool
manager Benitez fell foul of the club’s new co-owners, the American
businessmen Gillett and Tom Hicks, after being told by the latter to
“quit talking” following his criticisms of the pair regarding his lack
of freedom in the transfer market.
Benitez
ignored last week’s direct order from Hicks and used his post-match
press conference at
Newcastle
last Saturday to accuse the Americans, each of whom owns a 50 per cent
stake in Liverpool FC, of failing to understand how the January transfer
window operates.
A
subsequent public climbdown from the Anfield boss was followed by a 4-1
win over
Porto
that keeps the Reds’ hopes alive of reaching the knockout stages of the
Champions League. Both events appear to have been enough to save the
Spaniard’s job at least for a while, though the spat conducted in the
media could make a scheduled December 16 meeting between Benitez , the
owners and club chief executive Rick Parry a decidedly frosty encounter.
Marches
through the streets of Liverpool there may have been last Wednesday before
the victory over Porto and a full-scale row between Hicks and Benitez has
been played out via the pages of the Liverpool Echo
but
69-year-old Gillett was showing no signs of angst himself this week as he
flew into New York City from his base in Vail, Colorado, to make a rare
public appearance.
Gillett,
through his Booth Creek Management Corporation, which he operates with
three of his four sons, owns a plethora of businesses including organic
food companies, car dealerships, ski resorts and, yes, professional sports
teams. His dealings once led him into bankruptcy, when in 1992 he fell
victim to a collapse in the junk bond market but his successes far
outweigh the setbacks. And from being a billionaire at 50, he has restored
his fortune to around to an estimated $250m in 2006.
A
former minority partner in the Miami Dolphins National Football League
team and one-time owner of the Harlem Globetrotters basketball team,
Gillett currently owns the National Hockey League’s Montreal Canadiens
ice hockey team in addition to his 50 per cent stake in Liverpool FC. But
he was in
New York
in his capacity as the new owner of the Gillett Evernham NASCAR team,
participating in a one-on-one interview in front of an audience of around
200 autosport industry executives at the 8th Annual Motorsports
Marketing Forum.
Gillett
declined to speak to the Mail On Sunday on the subject of Benitez and
Liverpool FC, stating politely: “I don’t do interviews, I let my
partner do all the talking,” referring to Hicks.
He
did admit, though, that he was looking forward to seeing the team play
their final Champions League group game in Marseille on December 11 before
heading to Merseyside for the monumental double header of owners versus
manager and Liverpool versus Manchester United the following Sunday.
But
while Gillett was giving nothing away on Benitez’s future his thoughts
on sports and team ownership that he shared during his Motorsports
Marketing Forum interview make interesting reading given the current
tensions at Anfield.
IG Group (IGG) 4th June 2008
In a trading update relating to the financial year ended 31 May 2008. The
Group has continued to see strong growth across all of its financial
businesses throughout the year The board expects to report an increase
in revenue of over 50% to around £184m (2007: £122m) with an EBITDA* margin
of approximately 53% More
Sportingbet (SBT) 4th June 2008 announced its results for
the third quarter ended 30 April 2008. Turnover up 25.4% to £364.6m (2007
£290.8m), profit up 143.3% to £7.3m (2007: £3.0m) , Diluted earnings per
share* of 1.2p (2007: 0.7p). During the quarter, approximately 13.9% of
Group net gaming revenue was sourced through the Turkish language
domain compared to 25.8% in Quarter 2 More
888 Holdings (888) 2nd June 2008 signed a strategic agreement with
Dynamite Idea, a leading provider of gaming software. Dynamite Idea a
subsiduary of Boss Media Group. Dynamite Idea's portfolio has over 200
titles, including all-time high performing games such as 'Triple Chance
Hi Lo', which operate online, on mobile phones and other
platforms. More
Sportingbet (SBT) 29th May 2008
2 UK based employees of Sportingbet have been detained by Turkish
authorities whils on holiday in Turkey. They have been detained in
connection with Sportingbet Turkish based Sportsbook Superbahis More
Paddy Power (PAP) 27th May 2008
Paddy Power has acquired McGranaghan Racing, the eight shop Northern Irish
bookmaking chain for a consideration of £19 million. These are Paddy
Power's first betting shops in Northern Ireland, located in Belfast City
centre More
London Capital (LCG) 27th May 2008
Announce the acquisition of futuresbetting.com a direct access spread
betting company based in Gibraltar for an initial consideration of
£200,000 More
888 Holdings (888) 21st May 2008
In a AGM statement 888 said The
first quarter of 2008 started well with 38% NGR growth year-on-year and
2.6% NGR growth quarter-on-quarter following exceptionally high Q4 2007 NGR.
This momentum has continued into the second quarter where growth is being
driven by Casino and
Bingo More
Ladbrokes (LAD)
16th May 2008
In an Interim Management statement Ladbrokes said that profits for
the first four months of 2008 had increased by 13%, but High Roller
telephone profits had recently fallen. More
888 Holdings (888) 16th May 2008 Signed a
strategic agreement with Rival Gaming Software , the owner of
Sloto'Cash Casino, 888
will integrate Rival's titles and fun video introductions into 888's
gaming arena, gaming history and shared wallet, and will make them
available to customers of 888 and of 888's White Label partners More
Partygaming (PRTY) 15th May 2008
Approved a ten for one share capital consolidation of their current
shares. More
888 Holdings (888)
13th May 2008 Announces a strategic agreement
with Electracade, a leading interactive gaming content provider. The
initial launch will include a suite of 25 of Electracade's most
popular Games including branded content such as Top Trumps, single and
mulit-line slots, keno, hi-lo, scratch cards and unique poker games. More
888 Holdings (888)
12th May 2008
announces the signing of a partnership
agreement with Gaming Technology Solutions Plc. 888 and GTS will
launch own label games and third party games on the newly created
application program interface during Q2 2008 More
Cryptologic (CRP)
12th May 2008
Signed a contract with Maharaja Gaming to be the sole provider of online
gaming software for Maharajah Club one
of the largest gaming sites for Southeast Asian communities in the
U.K. and around the world.
Cryptologic (CRP)
12th May 2008
Announced results for the first quarter ending March 31,
2008,Revenue was up 21% to $18.3 million (Q1 2007: $15.1 million), led by
33% growth in the Internet casino business, Net earnings were $0.6
million, or $0.06 per fully diluted share (Q1 2007: $1.5 million). This
was due to the $4.5 million one time benefit recorded in the first quarter
of 2007 due to a change in the estimate of the future amount to be paid
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