888 Holdings Seeking Regulatory Approval to Name Itai Frieberger as the New CEO
888 Holdings, the owner of the second largest real-money online poker room in the world in 888poker, is currently seeking regulatory approval to appoint Itai Frieberger as the company's chief executive officer (CEO).
Freiberger, 44, assumed the roll as the group's chief operating officer (COO) in April 2011 and was appointed to the board as an executive director in May 2015. It is believed that approval to become the group's latest CEO could take several months.
Brian Roger Mattingley officially served as the CEO of 888 Holdings from March 2012 until May 2015. Mattingley is still believed to be involved in day-to-day operations, but has since migrated to the role of executive chairman following the retirement of Richard Kilsby.
According to Poker Industry Pro, the appointment of a new CEO has been in the works for 18 months. It is believed that if Frieberger is approved by regulatory bodies, that Mattingley will be able to step away from his daily operational duties.
When the process began in 2014, Mattingley announced that he will "continue to work alongside the rest of the executive team in driving the business forward."
Chairman of the company's Nominations Committee, Amos Pickel, also informed interested parties that Mattingley will be important to the company's stability and growth.
"We are very excited at this move, which will allow the company to continue to take advantage of Brian's wealth of experience, wisdom, and knowledge of the company, particularly in maintaining and developing relationships with existing and future regulators," Pickel said.
In addition to 888poker operating the world's second largest real-money online poker site, according to PokerScout's Online Poker Traffic Report, it also operates the largest regulated online poker network in coordination with WSOP.com NJ in both New Jersey and the United States.
Furthermore, 888poker provides the software behind WSOP.com NV, which is the largest regulated online poker room in Nevada and the second biggest in the US. Also, sharing liquidity Nevada network are poker players utilizing one of the three regulated Delaware online poker rooms that operate on 888poker's software.
Outside of poker, 888 Holding operates an online casino, sportsbook, and bingo via its 888casino, 888sport, and 888bingo brands.