Poker Exec Resigns

Mitch Garber is not long for PartyGaming. The Chief Executive Officer has announced that he will be taking off just as soon as they can find a replacement, after which he will return to North America and his family. During his reign as CEO the company has suffered massive losses to the bottom line, losing a great deal of market share to competitors such as the OnGame and iPoker networks. PartyGaming dropped 67 percent in profits over the last year, and is looking at expansions outside the US, where they took the biggest hit thanks to the UIGEA.