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Zen Entertainment hires away executive from slot maker IGT

Zen Entertainment Inc., a developer of legal casino-style online games, has lured Craig Billings away from International Game Technology to be the firm's new president and chief executive officer.

Billings, a former vice president in the investment banking division at Goldman Sachs, replaces Zen Entertainment founder P. Vincent Zaldivar.

Zaldivar founded Las Vegas-based Zen Entertainment in 2008. He is scheduled to step down at the end of June to pursue other opportunities, the company said.

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