Levy steps down from 888 board
Former chief executive had stayed on as non-exec director after leaving exec role to pursue other interests.
Former 888 chief executive Gigi Levy has stepped down from the operator’s board, where he served as a non-executive director, with immediate effect.
After relinquishing his post as CEO in April 2011 he remained on the board to devote time to the search for his successor, a process which culminated in the internal appointment of Brian Mattingley to the role on a full-time basis earlier this year.
Levy has focused on a number of investments in the last 13 months including many in the social gaming space. Chief among these is Playtika, the Israeli developer behind successful Facebook slots app Slotomania, which was sold to Caesars for an eventual nine-figure sum last year.
earlier this morning Levy told eGR: “After six years on the board of 888, of which five as CEO, I felt it is time for me to move on. The company is in great shape and very well positioned to take advantage of the opportunities ahead, and I want to be able to dedicate more time to my new hobby-job of investing in start up companies and help them disrupt the various markets they work in.
“888 is in very good hands with Brian and the management team and I am sure it will continue succeeding in the future,” he added.
888’s own social arm Mytopia, bought for $18m during Levy’s tenure as CEO but given a $20.2m write-down last August, was recently revived by Mattingley with the new chief executive pledging to launch “the next chapter of Mytopia.“
Amuso founder Barak Rabinowitz, who had been installed to head up Mytopia in February this year, was recently brought in by bwin.party to lead day-to-day operations for its new social gaming studio Win Interactive, launched following the operator’s acquisition of Ukraine-based studio Orneon.