Seattle PI – In the wake of a failed merger, declining revenues, and a general routing by its peers, the company that runs The World Poker Tour — U.K.-based gaming company Bwin.Party — has seen its stock decline 20%.
In the last five years it’s down over 56%. And some investors have had it. Particularly Jason Ader and Andrew Wallach of SpringOwl Asset Management. They own 5.35% of the $1.6 billion company and they want to see four new members on the board and a revamp of the company’s strategy.
