Poker Coverage: Poker Legislation Poker Business Poker Tournaments

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 Phil Ivey Now Down $5.1 Million Under His 'Polarizing' Online Poker Screen Name
2 Study: You're Like A Pigeon When You Play Poker
3 Maryland Casino Says Former Employee Stole 'Highly Confidential' List Of High Rollers
4 Seminole Hard Rock Poker Open Stuck With $2.5 Million Overlay
5 Poker Strategy With Ed Miller: Reverse Bet Sizing Tells
6 Allen Kessler Wins 2014 World Series of Poker Circuit Foxwoods Main Event
7 Man Carjacks Vehicle From Golden Nugget Atlantic City, Returns Hours Later To Carjack Another And Gets Caught: Police
8 Poker Hand of the Week: 8/27/14
9 Texas Station Closes North Las Vegas Poker Room
10 2014 CarbonPoker Card Player Player of the Year Update -- Dan Smith and Jason Mercier Join Top 10
 
 
Get-it-delivered-240