Mitchell Garber to leave once his contract runs out next year
PartyGaming CEO to step down
2008-03-04
Reading time 23 seg
PartyGaming, which runs the PartyPoker and PartyBets Web sites, said it was still uncertain about the outcome of its talks with US authorities but said a conclusion was possible in the "foreseeable future".
With rivals 888 and Sportingbet, PartyGaming is talking to the US Department of Justice in a bid to avoid prosecution for accepting US Internet wagers in the past.
As well as removing the legal threat, a deal could ease the worries of banks who are refusing to lend to companies like PartyGaming as they are worried that US authorities may take a dim view of it.
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