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(Sharecast News) - Gambling technology firm named 888 Holdings' Brian Mattingley as chairman designate on Wednesday, with his appointment set to take effect on 1 June.

Mattingley will succeed Claire Milne, who has served as interim chairman since May 2020, and has extensive experience in the gambling and leisure industries.

Milne said: 'In selecting the new chair, we wanted to appoint an individual with significant online gambling experience and a track record of delivering high levels of corporate governance and stakeholder engagement in a highly regulated and fast-growing industry.

(Alliance News) - Playtech PLC on Tuesday said it has signed strategic agreements with various subsidiaries of Greenwood Racing Inc, which own and operate the Parx Casino in Bensalem, Pennsylvania. As of 0820 GMT, Playtech shares were up 1.78% at 497.50p, while 888 shares were 1.99% higher at 308.0p. The value of investments can go down in value as well as up, so you could get back less than.

'Over the course of the last 30 years Brian has delivered strongly in these areas and has been at the forefront of the development of our industry. We are delighted that someone of Brian's calibre is joining the Board and look forward to benefitting from his experience to support our continued progress and growth.'

Over at 888, Jonathan Mendelsohn will take over as chairman on 31 March, while Mattingley will remain available as a consultant to the group until he moves on to in June.

As of 0820 GMT, shares were up 1.78% at 497.50p, while 888 shares were 1.99% higher at 308.0p.

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.

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