Here's One Hedge Fund's Plan To Save The Company That Runs The World Poker Tour
AP Photo
In the last 5 years it's down over 56%.
And some investors have had it. Particularly Jason Ader and Andrew Wallach of SpringOwl Asset Management. They own 5.35% of the $1.6 billion company and they want to see four new members on the board and a revamp of the company's strategy.
As often happens, however, Bwin.Party has said that it has no interest in taking Spring Owl's recommendations to heart. A new chairman will take over at the company's AGM on Thursday, and he's said the board could use three new managers, but hasn't given any clues as to who they are.
So Spring Owl will continue to press its case. The fund's argument is all here and on their website, savebewinparty.com, and we have it for you here as well.
This deck, ladies and gentlemen, is ugly.
- Tesla tells some laid-off employees their separation agreements are canceled and new ones are on the way
- Taylor Swift's 'The Tortured Poets Department' is the messiest, horniest, and funniest album she's ever made
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- The Future of Gaming Technology
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital