Gigi Levy has stepped down as Head of 888
International gaming giant 888 Holdings plc has made public thedeparture of its CEO, Gigi Levy. This news comes as a suprise to many, especially give the positive role he has had in steering the company towards economic prosperity since 888's departure from the USA market.
888 had been holding negotiations with Ladbrokes plc regarding an acquisition or merger. They had been locked in talks for quite some time and analysts are weighing the effect that Levy's departure will have had, or may have, on these discussions.
Movign forward, 888 is sitting in sound economic territory and while Gigi Levy is looking to take up other areas of interest, the company is in good shape despite the outcome of the merger discussions.
888 has flourished through strong European growth, desipite the provisions of the UIGEA that have crippled many new and established online gaming operators. Despite his departure, Gigi will continue to dedicate his time to 888 for the next 6 months to assist in the transition to a newly elected CEO.
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