Jim Ryan Retires from Online Gambling Industry

Published Wednesday, December 05, 2012 - Online-Casinos.com

Bwin.party digital entertainment has been on a roll of late signing deals with the social gaming media players and getting installed in Nevada for the possible online poker market there. The company has also been in the news after its Co-CEO Norbert Teufelberger was detained by Belgium authorities and questioned about the company’s business practices in that jurisdiction.

Jim Ryan who is a native of Canada has announced he will relinquish the position he holds as co-CEO of the biggest publicly traded gambling operator in the world Bwin.party Digital Entertainment. As of January 15th 2013 Jim Ryan will give full control of the firm to Norbert Teufelberger and will retire back to Canada.

Ryan has been involved in the online gambling industry for at least eleven years and has a reputation for being knowledgeable and smart. He obtained his professional qualifications as a Chartered Accountant from the Canadian Institute of Chartered Accountants and degree in business from Brock University in Canada. Ryan commented on his departure announcement, “Being Co-CEO of bwin.party digital entertainment has been my dream job. As we approach the final stages of our merger integration I am immensely proud of what we have achieved and know that with Norbert at the helm, the business is in excellent hands and is particularly well-placed for the future. Having given over 11 years of my life to the online gaming industry, I am now looking forward to returning to Canada and enjoying more time with my family.”

James Hollins, an investment analyst also commented on the departure, “An industry with multiple European regulatory changes and a lack of clarity on the legality of operations in your company’s key market, Germany, could be enough to break anyone’s will to continue...to walk away suggests he had had enough,” Hollins continued, “But for the company itself it doesn't make a big difference.”

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