Jul 26 2010

Gabi Campos Joins PokerStars as New CEO

written by: Will under News Comments: Comments Off

As recently reported by EGaming, PokerStars has acquired Gabi Campos as their new CEO while retaining the founders of the company – father and son Isai and Mark Scheinberg as Chief Technical Officer and Chairman of the Board, respectively. This acquisition is a result of a recent expressed desire by the Scheinburgs to restructure upper management in order to discover fresh ideas and help PokerStars stay at the top of the online poker world. Although Campos is not scheduled to officially take on the role of PokerStars CEO until October of this year, he has apparently begun working with the poker company in a consulting role to prepare for his official position.

Accorded to a Mark Scheinberg memo, both he and his father Isai will still retain close involvement in the affairs and strategy of PokerStars and are not planning any other restructuring in an effort to retain the team that they have trusted for 10 years. Mark Scheinberg was also optimistic on Campos’ involvement with PokerStars and noted that he was excited about his potential contributions to the company and its continued success. Although information is still limited, it would appear that Campos will take over some of the former responsibilities of the Scheinbergs while assuming some new, yet undisclosed responsibilities.

Gabi Campos joins PokerStars after his very successful run with 888 as the managing director of Dragonfish – a B2B company. According to Campos, he left to “pursue new challenges” after his remarkable performance with the company during the last year. In 2009, all 888 holdings reported sharp declines in revenue with exception to Dragonfish – which showed a 33% increase in revenue during the same year. Early indications of a takeover of 888 due to its declining stock price caused some unrest at the company but officials with 888 have indicated that this was not the primary reason for Campos’ decision to leave.

Under Campos, Dragonfish rose to be a major contributor to 888′s overall holdings with revenues of $51.3 million making up more than 25% of the overall income of 888 last year ($246.7 million).

888 has provided little comment on the departure of Campos but PokerStars’ optimism and Campos’ reputation with former employees and company management are indicative of a bright future of the executive in the online poker world.

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