Bwin.Party Co-CEO Jim Ryan Retires

Online Poker | estimated reading time
2012. December 06.
Jim Ryan remains in his office until 15 January, 2013, when Norbert Teufelberger becomes the only CEO of the company with full control.
Bwin.party co-CEO Jim Ryan has announced his retirement, effective 15 January, 2013. After that, company co-CEO Norbert Teufelberger receives full control of the firm.

Ryan was appointed CEO of PartyGaming in 2008, after occupying high positions in various companies, including CryptoLogic. It was him who stroke a deal with the United States in 2009 of paying a compensation of $105 million for violating the country’s online gambling regulations prior to the company’s withdrawal from the market in 2006.

Jim Ryan
Jim Ryan

Ryan also coordinated the fusion of PartyGaming and bwin in 2011 into the greatest gambling company of the world. At the time of the fusion, bwin’s worth was estimated to be €1.4 billion, while that of PartyGaming was £1.1 billion.

Ryan retires not only from bwin.party but also from business life in general, planning to move with his family back to his home in Canada.

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