China-facing poker and lottery provider PCG Entertainment (PCGE) has appointed Richard Poulden as its new chairman following the resignation of Kung Min Lin.
Poulden, previously deputy chairman, will replace Lin who has resigned with immediate effect due to increased work load since taking over as CEO of Money Swap earlier this month.
Although no longer a director, Lin will continue to support PCGE with his contacts and skills, the company said.
It added that Poulden had been an integral part of the company since its inception, and has been instrumental in steering the company’s strategic goals.
“Although sorry to see my friend Kung Min resign as chairman, I fully understand his reasons,” said Poulden. “I am of course extremely excited to be taking over as chairman and look forward to working closely with CEO Nick Bryant to continue expanding and developing PCGE and adding to the management team.”
PCGE recently posted revenue of $6m during the third quarter of 2015, helping the company generate an operating profit of $0.4m, due mainly to the recent acquisition of CPDC.
“I would like to thank Kung Min for his tireless leadership over the last few years,” said PCGE CEO Nick Bryant. “I know that he will continue to be an invaluable source of support and advice in the years to come.
“As one of the principal architects of PCGE, Richard Poulden has been pivotal to its success and I very much look forward to working more closely with him to take the group to the next stage of its development.”
source : www.gamingintelligence.com
