GTECH Chief Snowden Resigns
Feb. 03, 1998
LONDON (AP) _ Guy Snowden resigned as chairman of the world's leading lottery business Tuesday, a day after a jury found he committed libel by denying he tried to bribe rival Richard Branson in the race to run the world's biggest lottery.
Snowden is stepping down as chairman of U.S.-based GTECH Corp., relinquishing all duties with the company immediately, the company said in a statement Tuesday night.
Hours after the jury's verdict Monday, Snowden quit as director of Camelot, the consortium put together by GTECH to run the British numbers games, and from GTECH UK Ltd., GTECH's British subsidiary.
Earlier Tuesday, Peter Davis, director general of the Office of the National Lottery, quit his $141,000-a-year job.