Grand funk

Finweek English Edition - - COMPANIES & MARKETS -

Th­eS­PEC­ta­cle isn’t quite sure what to make of Adrian Funkey’s de­ci­sion to stand down as CEO of em­pow­er­ment com­pany

(GPI). The move is per­haps un­der­stand­able, since GPI re­cently sig­nalled its in­ten­tion to diver­sify away from its gam­ing roots and the busi­ness al­ready has ex­ec­u­tive lead­er­ship in the form of ex­ec­u­tive chair­man Hassen Adams (who mean­while now as­sumes the role of CEO).

The de­par­ture of Funkey, who for­merly held se­nior po­si­tions at Sun In­ter­na­tional, surely means GPI is re­signed to be­ing a pas­sive in­vestor in lo­cal casi­nos (via its stake in GrandWest and the Worces­ter casino). But with GPI’s op­er­a­tional push into the Lim­ited Pay­out Ma­chine gam­ing niches, Th­eS­PEC­ta­cle can’t help won­der­ing whether Funkey’s gam­ing ex­pe­ri­ence might not come in use­ful.

ADRIAN FUNKEY

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