Full Tilt has hired a leading executive recruitment firm, Odgers Berndtson, to head up the search for a new leader.
Bitar was arrested last July at New York’s John F Kennedy Airport on his return to the US. He was originally charged, along with 10 others, in 2011 as part of a US crackdown on illegal internet gambling.
Prosecutors said that Full Tilt, along with Absolute Poker and PokerStars, tricked banks into processing billions of dollars of illegal internet gambling proceeds through shell companies that appeared legitimate.
On his arrest, Bitar faced a maximum of 35 years in prison, but he escaped the severest penalty by pleading guilty and agreeing to forfeit his assets. Last year, shortly after Bitar’s arrest, Full Tilt was bought by PokerStars owner Rational Group, whose chief operating office, Rafi Ashkenazi has been running the gaming site ever since.
However the group opted not to appoint a chief executive ahead of the Full Tilt Poker re-launch in November and is still looking for a new incumbent for the role.
The new CEO will be based in Dublin although no frontrunners have been named.
Meanwhile, the US government has detailed the assets its hopes to seize from Bitar as well as the financial records of nine companies Bitar had a stake in. Ante Up Magazine reports that he will forfeit $40 million in assets following a forfeiture order filed by the US Department of Justice this week.