Playgon Games (TSX-V:DEAL, OTCQB:PLGNF) Inc said it has welcomed industry veteran Bobby Soper to its board of directors.
Soper brings two decades of experience overseeing the development of numerous projects from the ground up. He has led successful operations of casino resort properties in very competitive regional and destination markets.
READ: Playgon celebrates Chinese New Year and Year of the Tiger with its proprietary table game Tiger Bonus Baccarat
"We are thrilled to welcome Bobby to our company and look forward to leveraging his wealth of industry experience and knowledge as we continue to build our business and team," said Darcy Krogh, CEO of Playgon in a statement.
He added: "Soper's experience in both the traditional and digital casino business will be invaluable to Playgon and he will be an instrumental part of establishing and formalizing our US strategy.”
Among various leadership roles, Soper served as international president of Mohegan Gaming & Entertainment, as well as the CEO of the Mohegan Enterprise. Soper led efforts to grow Mohegan from a single property company to a multi-property international organization, which tenure also included overseeing the launch of online gaming for the company.
"I am excited to join the board of Playgon and be part of its bright future," said Soper. "The company's innovative first-in-class mobile live dealer technology and Etable content truly differentiate itself from other products in the market, positioning it for remarkable growth in the digital gaming space.”
Soper graduated magna cum laude with a Bachelor of Business Administration in Economics from the University of Georgia. He also holds a Juris Doctor from the University of Georgia Law.
The size of the board of directors will not increase. Jason Meretsky will be stepping down from the board of directors upon the appointment of Soper. The company said it would like to thank Jason for his valuable insight while being a member.
The company also announced that it has granted an aggregate of 1,300,000 stock options to the independent directors of the company. Each stock option is exercisable for one common share of the company at an exercise price of $.21 for a period of five years and vesting over three years, following the issuance date.
Contact Ritika at ritika@proactiveinvestors.com