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    Daily Gambling News Update | Monday, January 16, 2012

    Posted by Quad Jacks March 14, 2012

    MONDAY, JANUARY 16, 2012: Pokerstars CEO reportedly left company. Bwin.Party’s payment processor will separate, go public. Amateur John Dibella wins PCA Main Event.

    Pokerstars CEO reportedly left company: Chief Executive Officer of PokerStars Gabi Campos was nowhere to be seen or heard from during the PokerStars Caribbean Adventure last week, but his name did come up during numerous whispers that he was no longer with the company.

    In a report on Poker Player Newspaper today, Wendeen Eolis, CEO of Eolis International Group – which has worked with PokerStars and Mr. Campos in the past – writes that she has had Mr. Campos’s departure confirmed to her by two separate reliable sources, one of whom claims that “the handwriting was on the wall for months.” QuadJacks.com has heard similar confidence from other inside sources. Neither PokerStars nor Mr. Campos has issued any press release on the matter, and it is not yet clear from which entity the departure originated.

    Gabi Campos was named the company’s CEO in July of 2010. Prior to joining PokerStars, he successfully led Dragonfish, a B2B division of rival gaming company 888 Holdings.

    Both Ms. Eolis and Pokerati view the departure of Campos as the latest entry in a suspicious “recent” exodus of PokerStars management. First there was Thomas Kremser, longtime tournament director of the European Poker Tour (of which PokerStars owns a sizable part), who left in May of last year, although his exit was attributed more to allegations of financial improprieties. Last month, CEO and founder of the EPT John Duthie also turned in his resignation after terminating his sponsorship agreement with PokerStars.

    Jeffrey Haas, the managing director of Global Poker Tours (a company strongly affiliated with PokerStars which organizes all of its live events) has been relocated from his duties at the company to “Director of New Platforms, Mobile & Social Gaming at PokerStars,” according to his LinkedIn page. Far from being a demotion, this is actually a lofty rise in Mr. Haas’s standing in the company, well known within the company – and publicly – since August of last year. Mr. Haas’s assistant in his new position is Daniel Lehnberg, formerly the assistant of Mark Scheinberg, Chairman of the Board and son of Isai.

    Sources close to the matter have told QuadJacks.com that any alarm over the perceived “executive exodus” of PokerStars is unfounded, since the departures of Kremser and Duthie significantly pre-date the departure of Campos. PokerStars’s production of live events went largely in-house after April 15, so a number of excess staff were redeployed to them. It is also believed that Gabi Campos will be leaving for family reasons. He was recently in Argentina visiting his wife’s family.
    Sources: Poker Player Newspaper, Pokerati, Poker News Daily

    Bwin.Party’s payment processor will separate, go public: The Telegraph reports that Bwin.Party intends to “float” its payment processing arm, CQR, with the goal of launching an IPO and generating more revenue for shareholders.

    CQR currently enables payment transactions for PartyPoker and other affiliated game providers, and is estimated to handle approximately €2 billion ($2.5 billion) of payments a year, employing 150 individuals in the UK and Austria. The goal is to diversify the processor’s operations even beyond the online market. Says a source close to the company: “The aim is to monetise the business, but it doesn’t necessarily have to be in the online world, it can be through physical contracts also.”
    Sources: The Telegraph

    Amateur John Dibella wins PCA Main Event: The Pokerstars Caribbean Adventure Main Event, which saw a field of 1,072 contenders and +$10,000,000 prize pool, was won by New York stock trader John Dibella, who won his way into the tournament via a $1,000 satellite. Mr. Dibella, who previously had approximately $70,000 in career tournament earnings, took home $1,775,000.

    Dibella survived a competitive final table typically dominated by Faraz Jaka, who went on to take third place for $755,000. In one crucial all-in pre-flop confrontation, Dibella’s 44 flopped a set versus Jaka’s JJ. In heads-up play, Dibella defeated Kyle Julius. The men chopped so that Julius won $1,500,000.
    Sources: Card Player Magazine

    QuadJacks – Monday, January 16, 2012

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