MANAGEMENT REVAMP AT WORLD GAMING

With Craven gone, new appointments

World Gaming shareholders will no doubt have been relieved this week to see the management structure of their ailing company being overhauled following the acrimonious departure of CEO David Craven after only five months in the hotseat.

The new senior management team consists of Nicholas Jackson as CEO, David Fleming as Chief Technology Officer, and Mark Thompson as the Operations Officer for the balance of 2003, according to an announcement by Jackson who is also Chairman of the board. Jackson promised shareholders that the team would continue to operate profitably as an honest, open group and commented, “Our management team of David Fleming in Vancouver and Mark Thompson in Antigua operate with the utmost integrity and I am confident that they will provide the cohesiveness to keep our momentum going, and do even better than last year.”

Fleming has been with WG since September 2001. As Chief Technology Officer he is responsible for defining the technical direction of World Gaming’s global operations.

Thompson, who has a financial and commercial background has been Operations Director since December 1, 2002 and also served as interim Chief Financial Officer in July 2002, and as Vice President of Finance since November 2001. He said that the company “…will continue to focus on maintaining strict controls on spending and accountability throughout the organization.”

WASSUP AT CLUB FIORE?

Site down, but hopes are high

Players were speculating about the Isle of Man licensed, top-end casino Club Fiore.com this week as it went offline, apparently for a revamp and a software change. We don’t know why this should be an occasion for secrecy, but the management are not commenting on the matter.

The casino was powered by GET and is owned by Action Online Entertainment.

Director of Casino Operations, David Hope Robertson has informed his players that the casino is to close for a few weeks in order to carry out a revamp and software upgrade. Suggesting to observers that there may be a switch to another Slot Gacor software provider, Hope Robertson’s announcement takes the unusual step of telling clients that their accounts will be closed and any owed monies will be refunded. Once the revamp is complete, players will be contacted “…by email with a re-launch offer, exclusive to our existing customers.”

Clients are promised more games, faster downloads and more banking options once Club Fiore returns.

As we went to press articles were surfacing of another possible reason for Fiore’s silence. In a report on the growing disquiet of Isle of Man licensees concerning the inflexibility of the regulations there, New Media commented that several licensees were “…understood to be reconsidering their presence on the island, blaming increased bureaucracy and over-regulation. These include US casino Club Fiore, which is thought to be relocating to Kahnawake in Canada.”