Sportingbet The Online Gambling Supermarket
Published: Friday, June 10, 2005 Online-Casinos.com
SPORTINGBET THE ONLINE GAMING SUPERMARKET?
Poker is not our sole product says CEO
Analysts have been commenting on the positive impact that online poker has had
on the Sportingbet business since the acquisition of Paradise Poker, and this
week CEO Nigel Payne gave a timely reminder that the British gambling giant covers
more than just poker interests.
Speaking to the media, Payne played down the emerging dominance of Sportingbet's
poker business within the group's stable of online gambling products.
"We are not trying to sell a single product, like HMV might do. We are trying
to be an online gambling version of Tesco," he said.
Sportingbet's share price has soared since the group acquired poker website operator
Paradise Poker last November, giving it the biggest market valuation of an AIM-listed
company, peaking in recent months at just over GBP 1 billion.
