Gibraltar-licensed online gambling firm Mansion Group will have a new CEO as of April 1.
Mansion issued a statement this week saying longtime CEO Guy Gussarsky will step down at the end of the month. Assuming the CEO’s reins will be Sagi Lahav, Mansion’s current chief operating officer. Both execs have been with Mansion for the past eight years.
Gussarsky isn’t completely going away, having decided to take a seat on Mansion’s board of directors. Shelly Hadad, a seven-year Mansion veteran and the company’s current biz-dev director, will assume the COO role.
Mansion said it’s “very happy with the changes as it provides continuity to the management of the business at such an important time for the company’s development plans for this year and for the future, and in managing the ongoing challenges facing the Industry as a whole.”
The past year has been a transitional one for Mansion as it responds to regulatory changes in some key European markets. In September, Mansion pulled its poker business from the UK market following the country’s shift to a new licensing regime. Mansion subsequently announced significant layoffs at its Gibraltar HQ and its Israel branch as it shifted some of its operations to Bulgaria.
In February, Mansion stopped accepting new players from the German market following the imposition of a new value added tax on electronically supplied services. The move affected five Mansion sites: Casino.com, MansionCasino.com, LesACasino.com, Club777.com and SlotsHeaven.com. The move also followed the first court conviction of a German player for patronizing a unidentified Gibraltar-licensed gambling site.