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Mitch Garber to be named as Chief Executive of PartyGaming

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The former Executive Chairman of online payments provider Fire One, is set to replace outgoing Chief Executive Richard Segal to head the world\’s largest online poker firm.

Garber, who has experience in mergers and acquisitions as well as government advisor for online gaming legislation, will receive a basic salary of £585,000 and options on 7 million shares a year, worth £8.6m at current prices, for the next three or four years.