|Online poker giant, PartyGaming has announced that it will be parting ways with Richard Segal, the Chief Executive who led the company through its £4.64bn flotation.|
The surprise departure of Mr. Segal tempered joy as the company reported its first annual profit since floatation with at a 63% rise in revenue to $977.7 million.
Mr. Segal agreed to leave after turning down a request to move to Gibraltar where the company is based. He has been commuting there since PartyGaming listed on the London Stock Exchange in June.
Segal is leaving less than a year after leading an initial share sale that raised £1.04 billion, or $1.82 billion, for PartyGaming''s owners.