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||Ignition Casino Offering Online Poker To US Players|
|2||Merciers Both Cash First Big Event After Marriage|
|3||Poker Strategy: Don’t Play Live Poker Like A Robot|
|4||Hellmuth, Michigan Coach Friends Over Poker|
|5||Online Poker Black Friday Defendant Avoids Prison|
|6||Caesars To Begin Charging For Self-Park At Casinos|
|7||Mahoney Wins 2016 SHR Rock 'N' Roll Poker Open|
|8||Poker Strategy With Gavin Griffin: Homogeny|
|9||Oakland Makes Play To Keep Raiders From Vegas|
|10||Crazy Gambling Stories From November|
|1||Mike Sexton Wins 2016 WPT Montreal Main Event|
|2||Has The Borgata Casino Felted Phil Ivey?|
|3||Ignition Casino Offering Online Poker To US Players|
|4||A Statistical Look at the WSOP Main Event Final Table|
|5||Phil Ivey Loses Appeal In London Gambling Case|
|6||Merciers Both Cash First Big Event After Marriage|
|7||Paddy Power's $1M Clinton Payout Backfires|
|8||British Gambler Paid Out $900K On Trump Wager|
|9||Bellagio Dealer Gets Prison In Cheating Scheme|
|10||Mike Sexton Leads 2016 WPT Montreal Final Table|