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Monday, October 10, 2005

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Partypoker has been discussing a flotation with a small number of investment banks, as revealed by The Sunday Times last month, and Segal’s appointment will be seen as a another step towards this goal.

Segal, 41, left Odeon in August last year after seven years at the cinema chain. He said last night how excited he was to be joining: “The growth rates both in terms of this market and this business are something that are fairly unequalled.”

Segal had been considering a number of opportunities with private-equity groups before deciding to join iGlobalmedia during the summer.

Meanwhile, Betfair, the online betting exchange, will this week announce plans to launch a legal challenge to the Dutch government over its decision to award an exclusive betting licence to De Lotto, the monopoly betting and gaming firm in Holland.