Party Gaming Announces New Online Casino Boss
Following weeks of speculation, online casino firm Party Gaming has announced it has found a replacement for outgoing CEO Richard Segal. Mitchell Garber has been named as the new online casino operator’s boss, following a distinguished career in the legal field. And while Garber admits he has some big shoes to fill, the new online casino chief says he’s never been afraid of a challenge. A qualified attorney, Garber has extensive experience in online enterprises from his tenure at payment firm Fire One.
He also has a keen interest in the legality issues facing the online casino industry after starting up the first gaming law practice in Canada, a strength that has undoubtedly helped him to win the coveted seat with the online casino firm. Garber is due to commence his role with Party Gaming on April 19, with current incumbent Richard Segal leaving the firm on June 1st.
Garber will receive a salary of 570,000 pounds sterling a year and relocation costs from his home in Canada to the online casino operator’s headquarters in Gibraltar valued at $6 million U.S. dollars. The new online casino boss will also receive share options worth $7 million dollars in his first year, with a further 20 million in options across years two, three and four of his contract with Party Gaming. Prior to Garber’s position being announced, a number of prominent online casino heads had been linked to the Party Gaming position, including Nigel Payne of Sporting Bet.