It’s not surprising when the head honcho of a gaming company relinquishes their position since it is something that happens quite often. This is why it’s no surprise when the CEO of Gaming Realms decides to step down from his lofty post. What is surprising however is that he is doing this even when the company is forecasting substantial growth in the coming year.
CEO Patrick Southon is replaced by Michael Buckley in the interim, leaving a position that he held for the better part of six years. The outgoing CEO stated that the move is to give himself a chance to explore new challenges after being able to help the company grow in the past few years. His focus of B2C gaming has been replaced by a B2B focus by the company.
The current chairman will be sitting in his stead until a replacement can be found. Southon is co-founder of Gaming Realms and is following in the footsteps of his fellow founder, Simon Collins, who left his position in the company a few months prior.
His decision to step down was announced during the pre-trading update for suppliers. This was done alongside the pronouncement of the company exceeding board revenue expectations for 2019. This is credited to the numerous new licensing agreements acquired the previous year. This included the partnership with William Hill in the first part of the year and the launching of content in BuzzBingo and LeoVegas.