Nigel Payne
Encyclopedia
| Born: | March 1960 |
|---|---|
| Occupation: | Executive Director Executive director Executive director is a term sometimes applied to the chief executive officer or managing director of an organization, company, or corporation. It is widely used in North American non-profit organizations, though in recent decades many U.S. nonprofits have adopted the title "President/CEO"... |
| Website: | Sportingbet Plc |
Nigel Payne (born March 1960) is the former Group Chief Executive
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
and current Executive Director
Executive director
Executive director is a term sometimes applied to the chief executive officer or managing director of an organization, company, or corporation. It is widely used in North American non-profit organizations, though in recent decades many U.S. nonprofits have adopted the title "President/CEO"...
of Sportingbet Plc
Sportingbet
Sportingbet plc is a British e-gaming operator. It is listed on the London Stock Exchange and is a constituent of the FTSE SmallCap Index.-History:The Company was founded by Mark Blandford in 1997. Sportingbet acquired Paradise Poker in October 2004...
, which operates a network of bookmaking
Bookmaker
A bookmaker, or bookie, is an organization or a person that takes bets on sporting and other events at agreed upon odds.- Range of events :...
websites, as well as the Paradise Poker online poker
Online poker
Online poker is the game of poker played over the Internet. It has been partly responsible for a dramatic increase in the number of poker players worldwide...
room.
A native of the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, Payne has long been an outspoken critic of bans on online gambling
Online gambling
Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using the Internet.-Online poker:Online poker tables commonly offer Texas hold 'em, Omaha, Seven-card stud, razz, HORSE and other game types in both tournament and ring game structures...
; he appears regularly on news programs such as 60 Minutes
60 Minutes
60 Minutes is an American television news magazine, which has run on CBS since 1968. The program was created by producer Don Hewitt who set it apart by using a unique style of reporter-centered investigation....
. He is an ardent supporter of legalisation and regulation of the industry.
In his early life he was an expert table tennis player, once ranked 5 in the UK.
Career at Sportingbet
Payne joined Sportingbet in 2000 as Group Finance DirectorChief financial officer
The chief financial officer or Chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management...
and was appointed Group Chief Executive the following year. He held this post through 2006, guiding the company through numerous acquisitions and a listing on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
.
Payne stepped down as Chief Executive in October 2006 and was succeeded by Andrew McIver. Payne continues as a non-executive director, focusing on industry regulation and legal issues. Since November 2006 Nigel Payne is an Independent Gaming Consultant.
See also
- David CarruthersDavid CarruthersDavid Carruthers was the CEO and a board member of online gambling company BETonSPORTS plc. He served as CEO from July 2000 until July 24, 2006...
- Jay CohenJay CohenJay Cohen is the cofounder and CEO of World Sports Exchange , an online gambling company from 1996 until July 24, 2000, when he was the first United States citizen to be convicted in US Federal Court for violation of the Federal Wire Act for operating an online gambling company from a jurisdiction...
- Peter DicksPeter DicksPeter F. Dicks is a London-based investment manager and venture capitalist. He was the co-founder of Abingworth plc, one of the earlier venture capital funds in Europe. He is also the former chairman of Sportingbet PLC, one of the world's largest sportsbooks.Early in his career, Dicks was a...
- Gary KaplanGary KaplanGary Kaplan was the founder of BetonSports.com , an online sports betting company which between 2002 and 2004 took in wagers amounting to nearly $4 billion, 98 percent of which came from the United States...
- Neteller
- Safe Port ActSAFE Port ActThe Security and Accountability For Every Port Act of 2006 was an Act of Congress in the United States covering port security and to which an online gambling measure was added at the last moment...