Bwin.Party co-CEO Jim Ryan to Retire Back to Canada

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Jim Ryan, the co-CEO of publicly listed gaming giant bwin.party will retire from his position next month.

He took on the role of CEO of PartyGaming in June 2008, replacing Montrealer Mitch Garber as CEO after having previously held senior positions in public gaming firms St. Minver (owned by Gtech), Excapsa Software (Ultimate Bet) and CryptoLogic.

Ryan oversaw the settlement in 2009 with the United States government in its non-prosecution agreement, with the company agreeiung to pay a penalty of $105 million for having acted “contrary to US laws” prior to October 2006.

In March 2011, PartyGaming announced a merger with Bwin Interactive to form bwin.party, the largest publicly listed online gaming firm in the world. Ryan assumed the role of co-CEO alongside bwin’s Teufelberger who will take on the role of Group CEO beginning in 2013.

During his tenure, Ryan also oversaw the acquisition of the World Poker Tour and negotiated the partnership with MGM Resorts International and Boyd Gaming for the company’s expansion into an eventually regulated gaming market in the United States.

Ryan who lives in Gibraltar plans to return back home to Canada with his family.

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