International Gaming Standards Association's President Peter DeRaedt steps down

The International Gaming Standards Association (IGSA) has announced the departure of its longstanding President, Peter DeRaedt, effective December 31, 2023. With his departure, DeRaedt's 25-year career with the organization comes to an end. Throughout that time, he was instrumental in bringing disparate interests in the gaming business together.

The IGSA Board expressed its deepest gratitude to DeRaet for his unwavering dedication and outstanding service. Peter W. DeRaedt has advocated for global gaming standards ever since the association's inception in 1998. From May 1998 to October 2002, he presided over the GSA as its inaugural Chairman of the Board of Directors. Subsequently, he tendered his resignation to assume the role of President, a role he maintained since that time.

Recognizing his contributions, the Board conferred upon him the honorary title of "President Emeritus" for life, acknowledging his impact on the industry. In a testament to his ongoing influence, DeRaet has agreed to remain available in an advisory capacity to IGSA for the next two years.

According to the association, IGSA evolved into a neutral advocate and authoritative voice in the gaming industry under DeRaedt's leadership. The association developed numerous globally adopted standards under his tenure, transforming many gaming companies. 

In accordance with IGSA's succession plan, Mark Pace, currently the Vice President of IGSA, will step into the role of acting President. Pace, a veteran with over 20 years of experience within IGSA, has held various positions, including Committee Chair, Treasurer, Vice Chairman of the Board, and Founder and Managing Director of GSA Europe.

Earle G. Hall, Chairman of IGSA, said: "Peter DeRaedt's legacy is profound, having steered IGSA through numerous challenges and opportunities. His foresight and leadership have been pivotal in shaping an industry that is dynamic and ever-evolving. He leaves behind a robust and well-respected organization, poised for continued success and innovation.”

The Board will carry out a comprehensive vetting procedure before formally announcing the appointment of the incoming President at the first Board meeting of 2024, in keeping with IGSA's dedication to transparency and diligence.