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Vol. 7 No. 7, July 2008, Dateline
PartyGaming expecting settlement
PartyGaming announced it is expecting to reach a settlement with the U.S. Department of Justice to avoid criminal charges.
“These discussions are progressing constructively and I remain confident that we will reach a resolution in 2008,” said Mitch Garber, soon-to-be-former CEO for PartyGaming. “We're in the midst of a process and our attorneys tell us it is moving in the right direction and at the right speed.”
Last month, the company also announced a new CEO, Jim Ryan, who will replace Garber at the end of July.
“These discussions are progressing constructively and I remain confident that we will reach a resolution in 2008,” said Mitch Garber, soon-to-be-former CEO for PartyGaming. “We're in the midst of a process and our attorneys tell us it is moving in the right direction and at the right speed.”
Last month, the company also announced a new CEO, Jim Ryan, who will replace Garber at the end of July.
Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.
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