Rabinowitz New CEO of Mytopia

888's subsidiary introduces a new staff member

A recent event in the social games development subsidiary of 888 Holdings Plc, Mytopia includes the appointment of the new company CEO, whose position will from now on be occupied by Barak Rabinowitz.

Rabinowitz has an extensive experience, as a founder of an online trivia and bingo games supplier Amuso.com, and with a BS in Finance and an MBA from Harvard.

Mytopia was bought by 888 from Real Dice in June 2010. The conditions of the sale were that the base price would be $18 million cash, and that an additional payment would be made based on net profit for the calendar year 2011; the total amount is estimated to some $48 million.

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