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Management Changes at Party Poker
Friday June 7,2013 : MANAGEMENT RE-SHUFFLE AT BWIN.PARTY
Three senior and former Party Poker execs to depart
Cost-cutting measures at online gambling group Bwin.Party Digital Entertainment have claimed the jobs of three senior execs, all formerly Party Poker managers prior to the merger of Party Gaming and Bwin.
The three departing executives all have associations with the evolving US market and include business development chief Alen Lang, technology director Tod Martin and Steve Heller, the chied executive of the World Poker Tour subsidiary.
Lang's US connection flows from his work in setting up the Bwin.Party partnership with US land giants MGM Resorts International and Boyd Gaming, along with other deals that involved tribal interests and the battling US social gaming group Zynga. In addition to his eight years of service with Party Poker, Lang has built up an impressive empirical knowledge of the industry and it is unlikely that he will remain on the management market for long in an environment where his regulatory and commercial talents have such potential.
Heller also has an impressive track record since joining the Party Gaming group in 2005, and has been mainly involved in the top-management of its Asian activities, working from a US base. Early reports suggest that he will be replaced as CEO at World Poker Tour by the company's president, Adam Pliska.
Martin, an experienced Party Gaming manager and chief technical officer of the group since 2008, was replaced post-merger by a Bwin executive earlier this year, switching his talents and respected capabilities to the development of US-relevant technology for the Bwin.Party group.
Earlier this year Jim Ryan, head of Party Gaming when the merger with Bwin took place, resigned as co-CEO of the merged group, leaving Norbert Teufelberger in sole command.
The company's current performance has been lacklustre following a series of strategic decisions designed to better position it to operate in legal regulated markets and a "value vs. volume" approach to player acquisition.
Despite this, or perhaps as a result of it, Teufelberger is committed to cost-savings of Euro 70 million a year, and Bwin.Party will be watched with interest as it develops its ideas and business plans.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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