It seems that the executive at Pokerstars and Bwin.Party are playing musical chairs, this game might help Bwin recapture its flagship status in the world of online poker. According to reports, Jeffrey Haas, the veteran in the poker industry is going to be the new Head of Online Poker of Bwin.Party in the matter of weeks. Jeffrey Haas has been working for PokerStars and Rational Group for the previous five years and he held numerous positions in the company such as the Director of Strategy, Business Development and New Platform Director. He also had a major role in developing new strategies for the mobile channel.
Jeffrey Haas will not face any troubles to get familiar with Bwin.Party because he has once held the position of the Product Manager for the company. The current Online Poker head at Bwin.Party, Chris Welch is going to step down from his position after a mediocre performance that was reported during the second quarter of this year despite the fact that a lot of the blame can be put on the new taxes that were applied in the German online market. Despite the departure of Chris Welch, his 2 year tenure at the company was successful. During his tenure, he helped with the enhancement of the PartyPoker brand and he was involved in strategic planning in the long term. Bwin.Party does not only offer poker services as it also offers casino games through the PartyCasino brand.
Other news from the online gambling market comes from the gambling operator that is based in the United Kingdom, William Hill. Will Hill has released a trading update for the 1st half of this year. This report showed a great boost in the net revenues of the firm and the operating profit. The report covers the period until the 2nd of July of 2013. The reports include a few highlights, here are some of them:
– The Net revenues of the betting firm increased by 20% to reach 751.6 million pounds with retail contributing with 463.6 million pounds.
– The operating profit witnessed an increase of 8 percent to reach a total of 181.4 million pounds.
– The internet gambling operations witnessed an increase of 18 percent due to the great increase of 44 percent in the internet sportsbook revenues.
Other main highlights included gaining full control of the internet casino business after purchasing the 29% stock share that used to belong to Playtech in the online gambling joint venture, William Hill Online. The Chief Executive of William Hill, Ralph Topping has stated that they are looking forward to increase and keep that positive growth as they invest more in mobile gaming as well as the rolling out of the next generation gaming machines.