Garber steps down as head of PartyGaming

March 5th, 2008
Party

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Party Gaming CEO Mitch Garber informed the company last night that he was resigning from his position. In a conference call today with reporters, Garber revealed the decision and also made it clear that Party was continuing to negotiate with the US Department of Justice and remains confident in the potential for a settlement in the near future.

Excerpt from a Bloomberg story on Garber’s resignation:

Garber, who joined the Gibraltar-based company in April 2006, won’t renew his contract beyond May 1, 2009. The 43-year- old executive and his family plan to return to their native North America, he said today on a call with journalists.

PartyGaming slid the most in eight months in London trading as the company also said revenue growth was “lower than expected” over the past five weeks and Dresdner Kleinwort organized a sale of 87 million shares. The owner of PartyPoker.com is boosting investment outside the U.S., where a 2006 law barred foreign betting Web sites, cutting PartyGaming off from its main market.

Whole thing here.


Article Credit: Staff

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Daily Poker Quiz

AA on safe board, no limit full ring - DailyHandQuiz

Game type: 25/50 Full Ring Cash, PokerStars
Your image: Active, possibly a little frustrated
Opponent's image: Very aggressive preflop
Your hand: Ad Ah

The setup: You've had an uneven session so far and it's been a bit since you won a hand. This hand there's a poster in the hijack preflop. The table folds to him and he checks. You raise $200. The button folds and the SB three bets to $825. The BB and hijack fold, and you flat.

You have a good amount of history with the raiser. He is a very active three bettor and seems to have your number in recent sessions. He is very aggressive against your preflop raises, especially if there's a squeeze opportunity. He's also a pretty steady continuation bettor.

You flop about as dry as can be:

jc 2h 6d

The SB leads for $985 into $1750. What's your play?


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