O’Malia Leaving PartyGaming 

Embattled online gaming operator PartyGaming has announced that its Managing Director, John O’Malia,
has decided to leave the company in order to pursue other business interests.

Gibraltar-licensed
PartyGaming is the firm behind popular Internet poker room PartyPoker.com and stated that O’Malia would stand down at
the end of February. Following O’Malia’s departure, Jim Ryan, Chief Executive Officer for PartyGaming, will assume his
duties.

“Over the past two and a half years, John has made a significant contribution to the
transformation and leadership of the group,” said Ryan.

“In particular, his vision and dedication
were fundamental to the successful launch of the next generation of our signature PartyPoker.com product in September
of 2008.

“John is a natural leader and is keen to fulfil his potential in a more senior management
role that will play to his considerable industry and management experience. While saddened by his decision to leave the group,
we wish him every success for the future.”

O’Malia served as Chief Executive for Gamebookers until it
was acquired by PartyGaming in August of 2006. He remained with the firm following the integration and became a member
of the senior management team before being appointed to the board in May of last year.

'My
time at PartyGaming has been extraordinary,” said O’Malia.

“We have made enormous strides in
repositioning the group’s gaming portfolio, something that I was determined to achieve before moving on. I am enormously
proud of the progress we have made and the fact that many of the group’s games are now once again recognised as being
best in class. While I shall certainly miss the excitement of working for the world’s leading listed online gaming company,
I am looking forward to taking on fresh business challenges.'