Poker Coverage: Poker Legislation Poker Business Poker Tournaments

CPPT II - Paddy Power Irish Open

€2,250 No-Limit Hold'em

Follow-the-action

CPPT Paddy Power Irish Open Starts Friday

One of the most exciting spots of the Card Player Poker Tour – the Paddy Power Irish Open – will begin April 18 with a race to crown the latest champion. Complete live coverage of ...


Playtech To Enter Social Poker Market

iPoker Owner To Buy Social Gaming Company

Print-icon
 

Playtech, owner of the iPoker network, today announced it was planning to buy a business-to-business social gaming platform for €95 million from its leading shareholder Teddy Sagi.

A non-binding memorandum of association has been signed pending a shareholder vote which is needed because of Sagi’s association with the deal.

Playtech’s share price fell 15.25p to 335.25 at the time of writing as the market reacted negatively to the deal.

The company said of the move, “By completing the intended transaction, Playtech would gain access to a broad range of social gaming platforms and products and believes it would be uniquely positioned as a leading B2B provider with the ability to supply cross platform capabilities for a full suite of products including social casino, poker, bingo and rummy.”

 
 
 
 
 
 
 

Most Viewed Articles
 

1 Atlantic City Casino Sues Phil Ivey For $9.6 Million, Says Poker Pro Cheated
2 More Details On Poker Pro Phil Ivey's Alleged Cheating While Playing Baccarat At The Borgata
3 Phil Hellmuth Gives Poker Bracelet To NBA Owner
4 Borgata To Pay Final 27 Impacted By Cheating Scandal In Poker Event $19,323 Apiece
5 High-Stakes Online Poker: Viktor 'Isildur1' Blom Drops $1.4 Million This Week
6 Pennsylvania Man Mistakenly Throws Away $1.25 Million In Winning Lottery Tickets
7 World Poker Tour Seminole Hard Rock Poker Showdown Main Event Surpasses $5 Million Guarantee
8 Two Arrested For Counterfeit Casino Chips In Maryland
9 Atlantic City Casinos Win $11.9 Million From Online Gambling In March
10 2014 CPPT Atlantis Main Event Final Table Recap
 
Get-it-delivered-240