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WHO SHOULD I BUY: WORLD GAMING OR LNG? (LNG)     

maestro - 05 Oct 2006 16:52

CHECK OUT THE MARKET CAPS...NO CONTEST...ARE YOU A FOOL OR A WINNER?

maestro - 05 Oct 2006 19:18 - 4 of 13

noticed Aviva plc bought a load of shares in LNG...look who are on board

Management
All Executive directors Non-executive directors
Lord Sharman of Redlynch OBE,
Chairman,
born 19 February 1943

Appointed to the board in January 2005, and became chairman from 1 January 2006. Currently chairman of Aegis Group plc (media services), an independent non-executive director of BG Group plc (utility) and Reed Elsevier plc (publisher), and a member of the supervisory board of ABN AMRO NV (banking). Former chairman of KPMG International (auditors), former deputy chairman of Group 4 Securicor plc (security services), and a former independent non-executive director of Young & Cos Brewery plc (drinks) and AEA Technology plc (commercial/technology).

Chairman of the nomination committee and member of the corporate social responsibility committee.
Executive directors
Richard Harvey FIA,
Group chief executive,
born 11 July 1950

Became group chief executive in April 2001, having been appointed to the board as deputy group chief executive in May 2000. Joined Norwich Union in 1992, holding senior positions in New Zealand and the UK before joining the Norwich Union board in 1995 and becoming group chief executive of Norwich Union in 1998. Former chairman of the Association of British Insurers.

Member of the nomination and corporate social responsibility committees.
Andrew Moss,
Group finance director,
born 10 March 1958

Appointed to the board in May 2004 upon joining Aviva as group finance director. Previously director - finance, risk management and operations at Lloyds (insurance) and formerly held a number of senior management positions in HSBC plc (banking).
Philip Scott FIA,
Executive director,
born 6 January 1954

Appointed to the board in May 2000. Currently responsible for the groups international long-term savings and general insurance businesses and for Morley Fund Management in the UK. Joined Norwich Union in 1973 and held a number of senior positions before joining the board of Norwich Union in 1993. Former chief executive and executive chairman of Norwich Union Life, Avivas life assurance and long-term savings business in the UK.
Patrick Snowball,
Executive director,
born 12 June 1950

Appointed to the board in 2001. Currently responsible for the groups UK businesses, namely Norwich Union Insurance, Norwich Union Life and RAC. Joined the group in 1989, holding a number of senior positions before joining the board of Norwich Union in 1999. A member of the Financial Services Authoritys practitioner panel.
Non-executive directors
Wim Dik,
Senior independent non-executive director
born 11 January 1939

Appointed to the board in 1999, having served as a chairman of Nuts Ohra, a Dutch insurer acquired by the group in 1999. Currently chairman of the supervisory board of Casema Holdings BV (telecommunications) and Tele Atlas NV (information systems), a non-executive director of Unilever NV and Unilever plc (consumer) and of LogicaCMG plc (computer services). Former minister for foreign trade in the Netherlands. A former chairman of Nederlandse Unilever Bedrijven BV (consumer) and former chairman and chief executive officer of KPN Royal Dutch Telecom (telecommunications). A former chairman of the supervisory board of Holland Casino (gaming) and a former member of the supervisory boards of TNT Post Group (mail services), Vos Logistics (transport) and ABN AMRO NV (banking).

Senior independent director, chairman of the corporate social responsibility committee and member of the nomination, governance and regulatory committees.
Guillermo de la Dehesa,
Independent non-executive director,
born 9 July 1941

Appointed to the board in May 2000. Joined the board of Norwich Union as a non-executive director in 1999. Currently non-executive chairman of Avivas operations in Spain, non-executive vice-chairman of Goldman Sachs Europe (banking), and a director of Campofrio (consumer), Uni Eltrica Fenosa (utility), Bank Santander Central Hispano (banking) and Telepizza (consumer). Chairman for the Centre of Economic Policy Research and a member of the Group of thirty (consultative group on international economic and monetary affairs). A former deputy governor of the International Monetary Fund and the World Bank, a former deputy general manager of the Bank of Spain and former secretary of state of finance in Spain.

Member of the nomination and corporate social responsibility committees.
Mary Francis,
Independent non-executive director
born 24 July 1948

Appointed to the board in October 2005. Currently a non-executive director of Centrica plc (utilities), St Modwen Properties plc (property development), a director of the Bank of England and Fund Distribution Ltd. A member of the advisory board of the National Consumer Council and governor of the Pensions Policy Institute. A former director general of the Association of British Insurers and senior civil servant.

Member of the remuneration and governance and regulatory committees.
Richard Karl Goeltz,
Independent non-executive director,
born 11 September 1942

Appointed to the board in May 2004. Currently a non-executive director of the Warnaco Group Inc (clothing), Federal Home Loan Mortgage Corporation Freddie Mac (financial services), New Germany Fund (investment trust) and a director of the London School of Economics and Political Science. A former chief financial officer of American Express Company (financial services), NatWest Group plc (banking) and The Seagram Company Ltd (drinks), and a former member of the Accounting Standards Board (UK).

Chairman of the remuneration committee and member of the audit committee.
Carole Piwnica LLM,
Independent non-executive director,
born 12 February 1958

Appointed to the board in May 2003. Currently non-executive vice-chairman - governmental affairs for Tate & Lyle plc (agricultural/industrial). A member of the New York and Paris bars, practising law in Europe and the United States, specialising in private equity and EU regulatory matters. A former chairman of Amylum Group (agricultural/industrial).

Member of the audit, remuneration and corporate social responsibility committees.
Derek Stevens,
Independent non-executive director,
born 13 November 1938

Appointed to the board in 1995. Currently non-executive chairman of The Airline Group Ltd (transport) and non-executive director of NATS Holdings Ltd (transport). A member of the financial sector committee of the Accounting Standards Board, chairman of the Royal Academy of Arts pension scheme board, a trustee of the Rothschild pension funds, a member of the council of the Institute of Education at the University of London and chairman of The Travel Foundation (charity). A former director and chief financial officer of British Airways plc (transport), a former finance director of TSB Group plc (banking), and a former chairman of the trustees of British Airways pension schemes.

Chairman of the audit committee and of Aviva Staff Pension Trustee Ltd and member of the corporate social responsibility committee.
AndrVilleneuve,
Independent non-executive director,
born 23 November 1944

Appointed to the board in 1996. Currently non-executive chairman of Euronext Liffe (financial services), a non-executive director of United Technologies Corporation (aerospace), and a director of the Institut Franis de Relations Internationales. A former executive chairman of Instinet Corporation (securities broker), a former executive director of Reuters plc (media) and a former chairman of Promethee.

Member of the nomination and remuneration committees.
Russell Walls FCCA,
Independent non-executive director,
born 22 February 1944

Appointed to the board in May 2004. Currently a non-executive director of Signet Group plc (retail) and the senior independent director of Stagecoach Group plc (transport). A former group finance director of BAA plc (transport), Wellcome plc (pharmaceuticals) and Coats Viyella plc (textiles). Former non-executive director of Hilton Group plc (leisure) and the Mersey Docks and Harbour Company (transport).

Chairman of the governance and regulatory committee and member of the audit committee.

Top of page

HARRYCAT - 05 Oct 2006 20:11 - 5 of 13

Would I be right in saying you have bought some of these & would like to see the sp increase???

maestro - 05 Oct 2006 20:18 - 6 of 13

bloody too right..averaged down at 5p...might get my money back by xmas hopefully

cynic - 05 Oct 2006 20:20 - 7 of 13

neither .... if you wanbt to be in this sector, look at UKB for very good reasons

HARRYCAT - 05 Oct 2006 20:22 - 8 of 13

I was almost cynical in my last post! Must be catching.
I concur. UKB has potential, many of the others are highly speculative.

maddoctor - 05 Oct 2006 20:33 - 9 of 13

Shares says wgp and lng are goners!

maestro - 06 Oct 2006 09:00 - 10 of 13

they would...they should read this:
Online gaming firms consider legal challenge to US ban

British-based companies could mount WTO case
Antiguan government says it will work with websites

Hans Kundnani
Friday October 6, 2006
The Guardian


British-based online gambling companies could join forces with the Antiguan government to challenge the new US legislation targeting internet gambling that wiped an estimated 4bn from the sector's stockmarket value on Monday.
Antigua, which has already successfully challenged previous US laws on internet gambling, said yesterday it would be willing to work with UK companies such as Sportingbet to challenge what they see as US protectionism.

Following a complaint from Antigua, the World Trade Organisation ruled last year that US laws on online gambling contravened its rules. A WTO panel will decide in November whether the US is now complying with its rules.


Article continues

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Antiguan officials said yesterday that the new legislation, included in the port security bill passed by the Senate last Friday and due to be signed into law by President Bush within two weeks, was "as contrary to the decision of the WTO in our case as can possibly be imagined" and "puts the United States on a direct collision course with the WTO".
"The new legislation just makes our case before the WTO that much stronger," said Mark Mendel, a lawyer who represents Antigua in the WTO.

Complaints to the WTO from European companies are brought by the European commission, which said yesterday it had not yet received any approach from any UK company on the issue. However, several UK companies, including Sportingbet, have indicated they are actively considering a WTO case against the US.

Sportingbet chief executive Nigel Payne has been in Antigua since Tuesday afternoon and is understood to be meeting the Antiguan authorities to discuss the US legislation. Sportingbet has a licence in Antigua, which allows it to operate servers and customer support in Costa Rica for its US customers.

Meanwhile John J Farmer, a former New Jersey attorney general, told a conference in London that the legislation, which makes it illegal for banks and credit card companies to receive payments from online gambling sites, would drive the online gaming industry underground and benefit "fly-by-night operators".

There were also the first signs of much-anticipated consolidation in the online gaming industry yesterday as ukbetting said it had received a number of informal approaches to take over the company.

PartyGaming is known to be interested in acquisitions despite its shares falling 60% this week and said it cancelled its dividend to "take advantage of the many attractive opportunities in the sector that will emerge in the coming months".

PartyGaming, which has been forced to renegotiate its loan facility as a result of the US legislation, is also hoping to take over smaller rival Gamesys, which has all its customers in the UK.

However, even in the UK online gambling may now be under threat as a result of the US crackdown. US credit card companies MBNA and Capital One are considering the possibility of blocking the use of their cards for online gambling even from UK customers. Some major credit cards such as American Express already ban such uses.

cynic - 06 Oct 2006 09:04 - 11 of 13

all that will happen is that those US-based card companies will lose revenue and clients!
lots and lots of UK cards, at least one of which most peeps have.

but as for buying WG or LNG .... is anyone that dumb?

maestro - 06 Oct 2006 15:17 - 12 of 13

obviously yes and up 60% if bought at 5p

skyhigh - 10 Oct 2006 10:25 - 13 of 13

Seems to have had a positive impact on the sp !

Following the passing in the USA of the Unlawful Internet Gambling Enforcement
Act of 2006 (the 'Legislation') and after extensive discussions with our
lawyers, bankers and other advisers, it is the view of the Board that following
enactment of the Legislation it will no longer be appropriate for the Company to
serve US-based customers and that the Company should focus solely on its
existing UK and Italian businesses. As a result the Company is undertaking a
strategic review in order to decide whether to suspend, close or sell its US
operations. In particular, the Company has received a number of approaches and
is at a preliminary stage in progressing discussions which may or may not lead
to an offer for the Company's US-facing businesses. The Board is actively
exploring the optimal route to maximise value for the Company's shareholders.


The Company will further update shareholders in due course.
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