Ytopia appoints CEO

Social games development studio, Mytopia – a subsidiary of 888 Holdings Plc – has appointed Barak Rabinowitz as its new chief executive officer.
Rabinowitz was the founder of Amuso.com, an online trivia and bingo games supplier.  He joins Mytopia with a BS in Finance and an MBA from Harvard.
888 bought the assets of Mytopia from Real Dice in June 2010 for a base price of $18 million cash with an additional earn out payment that would be calculated on net profit for the calendar year 2011. The total payment to Real Dice for Mytopia’s games is capped at $48 million.

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