Directorate Change
27 Octobre 2003 - 8:01AM
UK Regulatory
FOR IMMEDIATE RELEASE 27thOctober 2003
MANAGEMENT CHANGES
betinternet.com plc, the global on-line gaming group, today announces, with
regret, that Sean Graham is stepping down from the position of trading director
and resigning from the Board of the Company to pursue other interests. Mr
Graham will be replaced by Gary Knowles who joins as head of trading. Mr
Knowles brings extensive industry experience to betinternet having worked and
held senior positions for the William Hill organisation both in the UK and on
the Isle of Man for 16 years; and for MGM MIRAGE Online on the Isle of Man.
At the company's recent AGM, it was announced that the outcome for the first
half of the year would be materially below expectations, as first quarter
profitability had been impacted by the lack of a major summer soccer
competition and lower than anticipated margins since the commencement of the
major European soccer leagues.
Whilst the Board is pleased to announce that margins have been restored to
those previously experienced, such improvement will have little impact on the
results for the 26 week period ending 30th November 2003.
Commenting on the change, Denham Eke, Chairman said "Sean has played a valuable
role in the development of betinternet as a leading online gaming company and
we wish him well for the future. We look forward to benefiting from the
experience and input of Gary Knowles as we seek to further develop the
betinternet offering."
ENDS
For further information:
betinternet.com plc Tel: 01624 629 699
Paul Doona, Managing Director
Bill Mummery, Technical and Operations Director
Waughton Tel: 020 7796 9999
Robin Hepburn
END