Colin Daniels

The parent company of LC is Danoptra and its Chief Executive, Colin Daniels, will go next May. Danoptra also has significant interests in gaming machines through Gamestec and the news was released via Coinslot International in its October 6-12 (2006) issue under the headline "Retirement Calls for Danoptra chief executive".

The ambiguity of the headline seems odd given that the article reports that Colin has always wanted to retire at 55 and will continue with the business as a non-executive director. However, the article notes a degree of contradiction - "Daniel's decision to leave his job next May should, he says, come as no real surprise to those who know him. But judging by the response from the industry this week, his departure caught several people unawares."

There is no mention of  Electra Partner's views on the resignation. As this venture capital company has acquired 88% of Danoptra one could assume they have an opinion on whether they would prefer Daniels to go or stay as Chief Executive.

Given the departure it would be interesting to know how the Danoptra family of companies are doing financially. Unfortunately Coinslot do not comment on this. Colin is reported a saying that both the gaming and leisure activities "can both now grow and develop within their relevant markets..." but this is not the same as saying business has been good. 

More on the background to LC / Danoptra / Electra