Casino M8trix CEO sells shares amid charges

Casino M8trix CEO Eric Swallow is walking away from the business amid conflicts with his business partners.

A PR firm on Monday confirmed that Swallow has stepped down from the CEO role and Pete Lunardi, one of the casino owners, has taken over operations.

Swallow has also confirmed with MercuryNews that he is in the process of selling his shares, which is estimated to be at $11m annually.

“It was just an asset, and I’m actually excited to be free of it,” Swallow said. “I’m not going miss it at all. It was a lot of work and it’s nice not to have to deal with all of the red tape and issues that go along with such a large operation.”