GPWA Times Magazine - Issue30 - October 2014

888 CEO to step down next year B rian Mattingley will step down as CEO of 888 Holdings next year and become the com- pany's new executive chairman in 2015. Matting- ley's move to the board follows Non-Executive Chairman Richard Kilsby's decision to retire. "The Board would like to thank Richard for the outstanding leadership shown during his nine- year tenure, during which the company has faced and successfully overcome significant challenges in an ever-changing environment, and in which the company itself has grown and changed considerably," Mattingley said in a statement released in late August. "On behalf of the entire 888 team, I would like to take this opportunity to thank Richard for his significant contribution to 888's development and achievements. I would also like to offer my personal thanks for his support, dedication and counsel during my three-year tenure as chief executive of the company," Mattingley added. Even though Mattingley is stepping away from the day-to-day operations of 888, he's expected to be heavily involved in the company's strategic decision making going forward. "We are very excited at this move, which will allow the company to continue to take advan- tage of Brian's wealth of experience, wisdom and knowledge of the company, particularly in main- taining and developing relationships with exist- ing and future regulators," said Amos Pickle, an independent non-executive director for 888. "He will continue to work alongside the rest of the executive team in driving the business forward." 888's day-to-day operations will be run by Itai Frieberger, who is currently 888's COO. Frieberg- er will become a director of the company in 2015. “We compete with PokerStars throughout Europe. They are a formidable competitor. But they would make all of us work much harder and it would expand the market. I would much rather have a small slice of a large pie, than a big piece of a small pie." — 888 CEO Brian Mattingley, on whether gaming regulators in U.S. states should allow PokerStars entry into their markets “Overall we would characterize New Jersey's Internet gaming results as disappointing." — Eilers Research Gaming Analyst Adam Krejcik. The Garden State's six online casinos produced $63 million in revenue in their first seven months of operations. “I am afraid that if we don’t move quickly and get some decent regulations in place, which we really don’t have right now, it will be too late to stop (Internet gambling) from reaching all the states." — Rep. Jason Chaffetz (R-Utah), in a Newsweek article on how the U.S. Department of Justice's reinterpretation of the Wire Act opened the door to allow states to regulate the industry “To call the ( Newsweek ) article by (Leah) McGrath Goodman inaccurate would be too light, when in fact it's just downright lop-sided, bad journalism through a source such as Newsweek that is regarded as respectable by so many." — Donnie Peters in an editorial for PokerNews.com

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