Online gambling software provider cuts losses
Three new non-executive directors have been added to the board at Mirada Gaming.
Javier Casanueva (45) is a partner at Baring Private Equity Partners Espana S.A. and has extensive experience in transactions both in Europe and the USA. Carlos Vizcayno (45) is a lawyer and has served as General Counsel to companies for over ten years, and Francisco Javier Herrero (47) is an experienced CFO who will bring a wealth of knowledge and contacts in the European marketplace.
Viscayno and Herrero will be representing the interests of Naropa Cartera S.L.U, which currently holds 19.3 percent of the issued share capital of Mirada.
The company has also reported that it has managed to cut its losses over the six month period ended 30 September 2009, posting an EBITDA of -GBP 109 000, an improvement on the loss of -GBP 525 000 recorded over the same period in 2008.
Mirada said this reflected cuts in administrative expenses, bringing these down from GBP 3.6 million to GBP 2.6 million as part of a far reaching turnaround strategy commenced early in 2008.
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