After 9 levels of play, Day 1 of the 2014 Paddy Power Irish Open has come to a close. 411 players showed up to the Double Tree hotel in Dublin and put up their €2,250 ...
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||More Details On Poker Pro Phil Ivey's Alleged Cheating While Playing Baccarat At The Borgata|
|2||Borgata To Pay Final 27 Impacted By Cheating Scandal In Poker Event $19,323 Apiece|
|3||Pennsylvania Man Mistakenly Throws Away $1.25 Million In Winning Lottery Tickets|
|4||World Poker Tour Seminole Hard Rock Poker Showdown Main Event Surpasses $5 Million Guarantee|
|5||Two Arrested For Counterfeit Casino Chips In Maryland|
|6||Atlantic City Casinos Win $11.9 Million From Online Gambling In March|
|7||2014 CPPT Atlantis Main Event Final Table Recap|
|8||Deutsche Bank Looking To Sell Las Vegas Casino|
|9||Poker Hand of the Week: 4/17/14|
|10||Eric Afriat Wins World Poker Tour Seminole Hard Rock Poker Showdown|
|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||Ed Miller: Four Bad Things Amateur Poker Players Say|
|4||Borgata To Pay Final 27 Impacted By Cheating Scandal In Poker Event $19,323 Apiece|
|5||Comedian George Wallace Awarded $1.3 Million In Case Against Las Vegas Casino|
|6||The Top Five Cities To Launch Your Poker Career: Part Two|
|7||'Technical Problems' Result In Massive $260,000 Overlay In Sunday Tournament On PokerStars|
|8||Phil Hellmuth Gives Poker Bracelet To NBA Owner|
|9||The Top Five Cities To Launch Your Poker Career: Part One|
|10||High-Stakes Online Poker: Viktor 'Isildur1' Blom Drops $1.4 Million This Week|