The business importance of online poker is reflected in a Cryptologic
executive appointment this week, where Andrew Goetsch became Vice
President of Poker Software Development.
Goetsch's extensive strategic planning and poker experience will help
the company continue the development of its software product plans
in this fastest-growing segment of the global Internet gaming market,
says the announcement.
The appointment follows the growth of Internet poker in the first
three quarters of 2004 to more than 20 per cent of the Cryptologic’s
revenue.
"The popularity of our poker technology continues to rise,
and Andrew Goetsch will help CryptoLogic enhance its product strategy
in this very dynamic market," said Lewis Rose, CryptoLogic's
President and CEO. "As a smart business strategist, accomplished
executive and serious poker player, Andrew will be a great asset to
ensure CryptoLogic continues to hold a winning hand."
Goetsch is an avid poker player who has had several final table appearances,
and more than 200 'in the money' finishes in tournaments held both
online and around the world, including the main event in this year's
World Series of Poker.
His gaming knowledge extends to both the online poker room environment
and consulting for various Internet gaming sites. As a senior executive
with 18 years experience in strategic planning, technology, finance
and mergers and acquisitions, Goetsch has increased sales and profits
for consumer goods and manufacturing companies and negotiated more
than a dozen acquisitions. He obtained his Certified Public Accountant
while working at one of the big accounting firms.