Daniel Silvers is vacating his non-executive director seat at Bwin.party digital entertainment following his decision to leave SpringOwl Asset Management LLC.

Silvers announced early this year that he is leaving SpringOwl to start Matthews Lane Capital Partners LLC, the company said in a statement.

“Daniel has been a valued and constructive contributor to the board’s deliberation and I want to thank him for his significant contribution,” Chairman Philip Yea said in a statement.

Silvers was appointed to the board in May 2014 on behalf of one of SpringOwl’s shareholders, SpringOwl Gibraltar Partners B Limited. The appointment was made under the terms of an agreement after SpringOwl Gibraltar acquired 6.1 percent of Bwin.party’s issued share capital from Emerald Bay and Stinson Ridge.