Everest Poker Joins iPoker Network
Struggling Online Poker Operator Leaves Own Network To Join Playtech’s iPoker
One-time online poker behemoth Everest Poker has ditched its own standalone network to throw its lot in with Playtech’s iPoker network where it will join the likes of Paddy Power, Titan, and William Hill.
The company once sponsored the tables at the World Series of Poker and had revenues of over $100 million in 2008. One year later when it 60 percent of it was sold to Mangas Gaming for an initial payment of $100 million revenues had begun to decline steeply hitting $79 million for the full year.
The company then became embroiled in a legal wrangle with Harrahs over its WSOP sponsorship and as recently as 2011 was hosting a $1 million guaranteed tournament in Monaco.
By the fourth quarter of 2011 Everest Poker earned just $7.4 million.
Earlier this year Giga Media, which owned 40 percent of the company, wrote off its stake which was taken over by BetClic Media.
The iPoker network split in two in September and it is unknown whether Everest Poker will join the senior liquidity group or not.
The company did not respond to a request for information on the migration including which tier of liquidity it would operate within.
|1||Phil Ivey Countersues Borgata Over Disputed $9.6M|
|2||Putting Joe McKeehen's Monster Stack In Perspective|
|3||Trailer Released For Highly-Rated New Gambling Movie|
|4||MIT Poker Course Online To Watch For Free|
|5||Canadian Poker Pro Dies In Ultralight Plane Crash|
|6||A Poker Life: Brandon Barnette|
|7||Poker Strategy With Rep Porter: Betting Scare Cards|
|8||Indiana Warns Senior Center Over Card Game|
|9||Poker Strategy: Make Their Scare Card Your Scare Card|
|10||Judge Makes Big Decision In Caesars Bankruptcy|
|1||Negreanu Busts Hellmuth Deep In WSOP Main Event|
|2||November Nine Set In 2015 WSOP Main Event|
|3||Negreanu Finishes 11th In WSOP Main Event|
|4||2015 WSOP Main Event: Negreanu Headlines Last 27|
|5||Hellmuth, Ivey Battle At Crazy Day 1 Table|
|6||WATCH: Day 2 Of High Roller Cash Game|
|7||Money Bubble Looms at 2015 WSOP Main Event|
|8||Neuville Leads 2015 WSOP Main Event After Day 5|
|9||Kelly Minkin: Last Woman In WSOP Main Event|
|10||Main Event: Nearly 1K Players Eliminated On Day 2AB|