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Online Casino Conditions >>> Betting News >>> March News


Party Gaming Chairman Speculations Traced to FireOne


Online Casino Conditions Staff
March 12, 2006

With no official word yet on who will be the new CEO of Party Gaming, there is a growing theory that it could potentially be the ex-Executive Chairman of Fire One, Mitchell Garber.  Fire One is one of the leading payment processors for a large host of online casinos and internet gaming websites, and recently flotated on the Alternative Investment Market of the London Stock Exchange.  With impressive results showing end-of-year profits over $16 million, the news of Garber's resignation was a surprise to many in the company and the online gambling industry as a whole.

Not as much of a surprise was the resignation of Richard Segal from Party Gaming, who opted to not make the move to Gibraltar, where Party Gaming's headquarters are located.  Segal - a family man - understandably did not want to make the drastic change of moving his entire family to as isolated a place as the island of Gibraltar.

Garber, who after unexpectedly announced his decision to leave Fire One, made comments to the effect of wanting to pursue other opportunities in the field of the internet gambling industry.  This is precisely why some believe he has his sights set on the vacant position at Party Gaming, which seems like a good fit, considering Garber is definitely qualified to fill it.

Fire One, which provides state-of-the-art alternative deposit methods for online bettors, has processed countless transactions through practically all of the most well-known online casinos, sportsbooks and poker rooms in the online gaming business.  They also provide e-Wallet capabilities through their popular FirePay system.  Commenting on Garber's departure, the new Chief Executive, Benjamin Dalfen, and non-executive Chairman, Leon Garfinkle, respected Garber's decision, despite being disappointed to see him leave the company.

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