Poker Coverage: Poker Legislation Poker Business Poker Tournaments

Playtech To Enter Social Poker Market

iPoker Owner To Buy Social Gaming Company

by Brendan Murray  |  Published: Apr 17, 2012

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.”

 
 
Tags: Playtech,   iPoker,   Teddy Sagi,   Social Gaming,   Social Poker,   Poker Business,   Poker News
 
 
Looking for tips and tricks to win more money at the tables? Check out the free Card Player Poker School
 
 
 

Most Viewed Articles
 

1 Chino Rheem and Erick Lindgren Lead World Poker Tour $25,000 Championship Main Event Final Table
2 Live Cash Game Stream Kicks Off Card Player Poker Tour Bike Stop
3 Online Poker Scandal: Annie Duke Responds To Leaked Russ Hamilton Audio Recording
4 Dan Shak Finishes Second In Tiger Woods' Charity Poker Tournament In Las Vegas
5 Family Facing Eviction Discovers They Had $4.85 Million Lotto Ticket Sitting In A Cookie Jar
6 A Poker Life -- Brian Hastings
7 Carnivale Of Poker Returns To 2013 World Series of Poker
8 Jamie Gold's World Series of Poker Main Event Bracelet Up For Auction
9 High-Stakes Online Poker: Gus Hansen Wins $1.7 Million This Week
10 Doyle Brunson Bows Out Of World Series Of Poker
 
Get-it-delivered-240