London -- Gibraltar-based PartyGaming, owner
of the largest
online-poker website in the world, announced that its chief
executive officer, Richard Segal, will resign in June. Segal, who
lives in the U.K., is understood to have made the decision after he
refused the board's request to relocate to Gibraltar permanently.
Segal led PartyGaming's £4.6-billion initial public offering on the
London Stock Exchange last year. He is also credited with
spearheading the company's expansion into blackjack and the
unification of its online betting system.