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Christchurch Director Glad to Leave Board

NEW ZEALAND – As reported by the New Zealand Stuff: "Christchurch Casinos director Arthur Pitcher has offered to stand down from the board after a peace settlement between major shareholders.

"But Mr Pitcher said he would continue as chief executive of the casino he has run since it opened 10 years ago.

"'I'm happy to stand down from the board. . . I do like the operational side of the job – I'd be delighted to be out of the shareholder politics aspect.'

"The Englishman emerged as the meat in the sandwich in a tussle between casino and Skyline Enterprises chairman Barry Thomas and former shareholder Aspinall last year. Mr Thomas removed him from the board over 'shareholder issues', and Aspinall threatened legal action to get him reinstated.

"…Aspinall and Mr Thomas fell out after the chairman learned that the British gambling business had held secret talks to sell to rival SkyCity after knocking back an $85 million offer from Skyline…"

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