Poker news tagged with 'ceo'

On Wednesday, John Duthie announced in a forum that he has resigned as CEO of the European Poker Tour. Duthie, who didn't renew his contract with PokerStars when it ended on Dec. 31, founded the European Poker Tour in 2004 and has made it the richest and most prestigious poker tournament in Europe. Below you can read John Duthie's forum post:

"It is time to move on and to leave the EPT in the capable hands of the existing management team," Duthie said. "It has been a fascinating and challenging seven years and I have watched the EPT grow phenomenally in that time, thanks to the support of the players and the professionalism of a great team on the ground."

Read more » John Duthie steps down as European Poker Tour CEO

David Yu, who has been the CEO at Betfari for over 6 years, has resigned and will be leaving the organization very soon. Yu's contract ends in October 2012, but yesterday he said that he wants leave earlier than that. The reason for this might be the strict & tough regulations in Europe and USA.

Apart from that, the company's stock price has dropped 47% since October last year. It remains unclear what David Yu will do after leaving Betfair. But one thing is for sure though: Yu isn't in a hurry to find a new job as he earned about half a million british pounds per year working for Betfair.