Murgatroyd, who had been placed on gardening leave by Paddy Power, is expected to begin his new role imminently.
Having first joined Paddy Power in March 2009 as online casino product manager, Murgatroyd was promoted to head of Live Casino in September 2010 and held the role for more than four years.
Before his spell at Paddy Power, Murgatroyd also spent nine months as business development manager at the Voice Commerce Group and held a number of roles during his time with GE Money.