It is being reported that the Etruvian Group, an internet marketing firm focused on the gaming sector, is in disorder due to the founder of Etruvian selling his shares in the company to the company to the Financial Chief of Etruvian, Enrique Guzman. This resulted in many of the top management in the company to resigned effective immediately.
Playtech had just recently purchased the majority of Etruvian for a reported €38 million so this was an unexpected move. Those resigning included Lutz Enke, Chief Strategy Officer, Matt Primeaux, Chief Revenue Officer, Damon Barnard, Chief Legal Officer, Joanna Barnard, Chief Financial Officer and Nicola Valarino who heads up Human Resources.
Etruvian currently operates Tradimo, CasinoCheck and PokerStrategy. All of these are Gibraltar based. At the time of this press release Playtech chose to not include a comment. It is unknown what position Playtech will take on these recent events and how things will play out due to such a large number of key employee’s choosing to leave in protect.
It is expected that Playtech will take an aggressive approach in dealing with this considering the sizeable investment that it made in Etruvian.