BetMakers has cancelled plans to pay gaming entrepreneur Matt Tripp an extra compensation package potentially worth more than $7 million after the ASX probed whether payments to Mr Tripp were a personal favour from the company’s then-CEO.
. At the time, BetMakers said the entrepreneur would work “exclusively advising on B2B opportunities” for the firm. According to a letter to the company, ASX compliance offers had “intelligence” which claimed that during a November AGM BetMakers CEO Todd Buckingham had said the $15 million payment was “more than a strategic deal and because Matt has helped me personally”.
In the reshuffle, Las Vegas-based Matt Davey, a fellow gaming entrepreneur and close associate of Mr Tripp, was announced as BetMakers’ new board president and executive chairman. Mr Davey’s Tekkorp owns a more than 10 per cent stake in BetMakers, and was one of the original backers of Mr Tripp’s Betr.
Source: News Formal (newsformal.com)
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