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DATE: May 26 2012
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Poker.co.uk - Poker News Archive

Thursday 2nd March 2006

Online Casino Boss Folds his Hand

Online poker giant, PartyGaming has announced that it will be parting ways with Richard Segal, the Chief Executive who led the company through its �4.64bn flotation.

The surprise departure of Mr. Segal tempered joy as the company reported its first annual profit since floatation with at a 63% rise in revenue to $977.7 million.

Mr. Segal agreed to leave after turning down a request to move to Gibraltar where the company is based. He has been commuting there since PartyGaming listed on the London Stock Exchange in June.

Segal is leaving less than a year after leading an initial share sale that raised �1.04 billion, or $1.82 billion, for PartyGaming''s owners.

Source: OnlineCasinoNews

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