• PartyGaming Chief Executive Leaves

March 1, 2006 – PartyGaming's chief executive, Richard Segal, is leaving the online poker giant after just 18 months, having made nearly £20m out of the company during his short tenure. The announcement of Mr Segal's departure came as a shock to the City and overshadowed a strong set of results from the company. PartyGaming insisted that Mr Segal, who had been commuting weekly since the company's float in London last June, should move permanently to Gibraltar, where the group is based for both regulatory and tax reasons, but he refused after consulting his family. Both sides agreed that Mr Segal will leave in June with a year's salary of £585,000 and 7.5 million of share options vesting over the next year, worth about £10m. Mr Segal also sold £9.2m of shares in the float. He is, however, sacrificing a further £20m of share options, which vest in the following two years, to avoid uprooting his young family from London to Gibraltar.

> Read the full story here Source: Ateonline.co.uk

PLAY & ENJOY NOW the most favored online casino by American players! Las Vegas USA Casino offers everything you wish from a Las-Vegas-style online casino - a generous 150% bonus up to $3,000 at welcome, more than 120+ thrilling and fun games with fast and various blackjack tables, huge progressive jackpots and much more - discover today one of THE BEST ONLINE GAMING DESTINATION ACTUALLY!