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The popular online casino game developer Gaming Realms has announced today that its CEO, Patrick Southon, has resigned from his role with immediate effect.
This is surprising news to many, as Patrick Southon was one of two founders of the developer, creating the company 6 years ago with co-founder Simon Collins.
The Founder Steps Down
Collins left the company last October to take on a new role with News UK as Managing Director for betting and gaming, leaving Southon in charge until now. In his new role, Collins works alongside major companies such as Sun Bingo, Betway and Coral.
Southon will be replaced by Non-Executive Chairman Michael Buckley.
However, this is only a temporary appointment, and the company is currently on the hunt for its a permanent CEO.
During this period, Buckley will be assisted by Chief Financial Officer Mark Segal – so fans and users of the company can be assured that the business is in safe hands in the interim period.
Southon Speaks
“During my six years as CEO, the main focus on the company was on B2C real money gaming,” Southon said.
“However, with the last of those assets disposed of in July 2019, and the company now stable and successfully implementing its new B2B focused game development and licensing strategy, I feel now is the right time for me to pursue a new challenge.”
“It has been an honour to work alongside everyone at Gaming Realms, and I wish them and the company every success in the future.”
Interim CEO Micheal Buckley also commented on Southon’s departure, adding:
“Patrick has made a valuable contribution to the company over the last six years as CEO, most recently helping to successfully evolve the company’s resources and strategy to better suit the changing regulatory landscape we operate within. On behalf of the board, I wish him every success in the future.”
What The Future Holds
While Southon’s departure is sure to cause some chaos, he has left the casino gaming developer in good shape.
Gaming Realms published a report with a trading update for the upcoming year, saying that it expects revenue to show a positive upturn and to be slightly ahead of its initial forecast for the year.
The developer has several upcoming releases, so the promise of the company remains great, with the future looking bright for the company and its players alike.