Mitch Garber is new PartyGaming CEO
March 25
One of the most successful online
casinos companies, PartyGaming has
announced that Mitchell (Mitch)
Garber will become the company’s new
leader in less than one month.
Online casino giant, PartyGaming is
confident that the Montreal
businessman can get the job done.
Garber, a former TV and radio sports
talk show host , will be relocating
his family to PartyGaming’s new
headquarters in Gibraltar. The UK
–based online casino company is
relocating there as well.
Garber will enter into the World of
the super rich when his new pay rate
package kicks-in. His first year
alone at the company will earn him
more than $17 million dollars. This
will make him one of the highest
paid business executives in all of
the UK. He officially takes his post
on April 19.
Many online casinos players already
know that PartyGaming went public
last year. Since then, it has been a
traded company on the London Stock
Exchange in London.
Garber stated that he fully intends
to make growth outside the US market
his main priority for the online
casino company. As it stands now, a
huge majority of PartyGaming’s
casino game players are from the US.
Garber comes to PartyGaming with
many casino contacts and a great
relationship with many other
companies in the gaming industry.
Especially in the US, where many of
PartyGaming’s players are located.
PartyGaming states that it is
extremely pleased that Mr. Garber
will be joing the company and his
sheer energy and drive will be a
very positive force in the years to
come. He will be taking over for the
current CEO, Richard Segal.
Whether Garber can steer the ship
towards making money outside the US
wil prove to be tough. Currently,
80% of PartyGaming’s earnings are
from the United States - $1billion
last year alone was generated there.
The company holds more than 1,500
employees and has a stock market
value of $10 billion.
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