BUSINESS

Ex-Betfair and PartyGaming chiefs sue 3i for £6m

TAGs: Betfair, PartyGaming, private equity company 3i, Richard Segal, Stephen Hill

TheOldBaileyOnly yesterday we reported on how poker pro Andrew Feldman was suing his rabbi for spunking away £140,000 of his winnings with some dodgy spread bets – and now the former bosses of two gaming companies are following suit by going before the beak to demand £6m from Britain’s oldest private equity company.

Richard Segal, the former CEO of PartyGaming, and Stephen Hill, the ex-chief of Betfair, are somewhat vexed at 3i after seeing their £400 million investment rug pulled from underneath them – along with outstanding payments. Or perhaps, with Betfair about to float and PartyGaming about to return to the US, they’re just pissed off they didn’t just stay put. Read more.

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