Nambling Notes - May 2, 2003

2 May 2003

Names and Faces -- Dennis Wing is resigning his position as chairman and director of CryptoLogic Inc. , the company announced yesterday at its annual meeting. Wing is also president of Fahnestock Canada Inc. and a U.S. investment bank. Harvey Solursh will also be stepping down from the Toronto-based online software maker's board of directors.

Making Deals -- U.K. bookmaker Stanley Leisure plc is acquiring Palm Beach Club Ltd. from London Clubs International plc. Stanley Leisure, which also has an online gambling arm, will pay £36.25 million paid with cash from Stanley's present businesses. Palm Beach Club Ltd. owns the Palm Beach casino in Mayfair, London.