Online Casino Company Appoints New Director
Published: Friday, December 02, 2005 Online-Casinos.com
ONLINE CASINO INVESTMENT COMPANY APPOINTS NEW DIRECTOR
Former m.d of Betinternet plc joins Fairground Gaming
The Board of Fairground Gaming, the newly established investment company in the online casino and gaming sector believed to have close links with online casino software turnkey provider Microgaming, has appointed former Betinternet plc md Paul Ernest Doona (53) as Finance Director with effect from 1 January 2006.
Prior to his service with Betinternet, and following an invitation from the group's shareholders he spearheaded the successful 2002 fund-raising for bet365 Group, one of the UK's leading betting and gaming groups, to assist in the future corporate development of its internet and telephone betting division.
A qualified accountant with Deloitte Haskins & Sells (1977), in 1982 he was appointed Finance Controller for the housing division of Miller Homes Ltd, the house building, construction and property group. In 1985, he moved to St Mowden Properties plc as Finance Director and Company Secretary, where he initiated a number of UK and international ventures, which grew the company's net worth from GBP20 million to GBP140 million and delivered a sixteen-fold increase in PBT. In 1999 he was appointed Finance Director at Claims Direct plc. His appointment at bet365 Group Limited was his first involvement in the internet gaming sector.
Between 1989 and 1999, Paul was a Director of Northern Racing Limited, one of the largest owners of racecourses in the UK and he was a Director of Stoke City FC from 1997-1999.
Evan Hoff, Director of Fairground Gaming said: "Paul has considerable industry experience and will enhance our position as a consolidator of the fragmented online gaming sector. We are delighted to welcome him to the Board."
Fairground Gaming listed on AIM on 4 October 2005 with the goal of building a broad-based, diversified gaming portfolio by acquisition and thereafter by organic growth.
The company acts as a consolidator of the fragmented online gaming sector; using the extensive sector and technology contacts of its directors to acquire majority interests in a portfolio of synergistic, cash-generative online gaming businesses; targeting smaller companies in areas such as online casinos, poker, bingo and skill-based gaming; and working with Microgaming, the leading provider of software to online casinos, to identify opportunities and to develop acquired businesses.
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