PartyGaming CEO to leave the company

The company revealed that Garber would step aside once a successor had been appointed, raising the possibility that he will not be around to see the conclusion of ongoing talks between PartyGaming and the US Department of Justice regarding the possibility of retrospective legal action being taken against it under the Unlawful Internet Gambling Enforcement Act (UIGEA).

However, Garber stated that the discussions were a “company situation” and highlighted PartyGaming’s representation by “some of the most well-regarded attorneys in the United States”.

“I don’t think that if the company were to find a Chief Executive Officer replacement before a settlement with the Department of Justice is reached it would have any impact, negative or positive, on the Department of Justice discussions,” said Garber.

The Department of Justice agreed a deal with Neteller last year that saw the online payment processor pay a us$ 136 million penalty to avoid prosecution. This settlement was seen by many industry observers as a prelude to further deals between the American Government and the industry with PartyGaming competitor 888 Holdings also believed to be in similar talks with authorities.