PartyGaming’s Top Exec Folds

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PartyGaming, the parent company of Party Poker, has announced that current managing director, John O’Malia, will be leaving “to pursue other business interests” at the end of February 2009. O’Malia moved into the managing director’s spot after PartyGaming swallowed up Gamebookers in August 2006. The position will be filled by current chief executive Jim Ryan. Ryan will be facing a tough upward battle to reverse PartyGaming’s downward trend.