Nigel Payne Is Staying With Sportingbet

Published: Tuesday, February 28, 2006 Online-Casinos.com

NIGEL PAYNE IS STAYING WITH SPORTINGBET

Rumours discounted by Sportingbet CEO Nigel Payne

Reuters reported that Sportingbet CEO Nigel Payne has denied persistent rumours that he contemplates leaving the giant gambling group.

Payne told the news service that he was committed to his job as chief executive of Sportingbet after the group's shares were hit by rumours he might replace the outgoing chief executive of rival PartyGaming.

Analysts said Payne's track record at Britain's second-biggest online gaming group would make him the obvious choice to replace PartyGaming's Richard Segal, who recently announced his departure from Party Gaming "for family reasons" connected with his declining to move to Gibraltar.

Payne told Reuters: "I am firmly locked into Sportingbet, and I have no desire to move elsewhere."