Nambling Notes - Nov. 7, 2006

7 November 2006

Intro -- Casino, poker and sports book operator Leisure & Gaming (L&G) announced today the appointment of Henry Birch as its new CEO. L&G also announced Corporate Synergy as its new advisors and brokers.

Gala Bids for UK Tote -- Financial Times reported today that U.K.-based gaming group Gala Coral (GC) has offered over £400 million ($761 million) for the Tote, the government-owned bookmaker. The paper also reported that the deal would see the company pay £325 million ($619 million) for the Tote's 540 retail shops and would offer the on-track betting operation, which GC values at £80 million ($152 million), to the U.K.'s racing industry for £1.

Sunday Record -- Online poker room Full Tilt Poker.com last weekend announced the flotation of its biggest Sunday Event to date, drawing over 2,000 players and offering over $400,000 in prizes, with a first prize of $73,820. Full Tilt later announced that two of its in-house pros, Mike Matusow and Carlos Mortensen, made it to Sunday's final table. Matusow placed seventh, Mortensen third.

Leftovers -- Costa Rica-based online bookmaker BetCRIS (BC) announced today that former customers of BetonSports (BoS) can access their accounts through BetCRIS.com. Non-U.S. customers can log in at the BC Web site using their same BoS username and password. Customers wishing to roll accounts over with BC will receive payouts only after wagering specified sums through the company.

Outro -- U.K. betting company William Hill announced the unanticipated departure of Tom Singer, the company's chief operating officer, effective immediately. Singer had been with the William Hill for six years and his departure reportedly follows a review of the company's key executive roles. Looking ahead, William Hill CEO David Harding will subsume Singer's duties under his own.