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||Three Years Later, Blair Hinkle Finally Receives His Missing $1 Million In Full Tilt Poker Money|
|2||Man Loses $500K On Super Bowl, Sues Casino|
|3||Poker Strategy With Ed Miller: Three Great Small Stakes Plays That Fail In Tougher Games|
|4||George Lopez Arrested For Drinking Way Too Much And Passing Out On Casino Floor|
|5||Chris Moorman Wins The 2014 World Poker Tour L.A. Poker Classic|
|6||Chris Moorman Headlines WPT L.A. Poker Classic Main Event Final Table|
|7||2014 World Poker Tour L.A. Poker Classic Main Event Builds $5.1 Million Prize Pool|
|8||U.S. Lawmaker Wants To Ban Online Poker|
|9||High-Stakes Online Poker: Dan Cates Wins $486,000|
|10||Poker Hand Of The Week: 3/6/14|
|1||Chan Pelton Banned From All World Series of Poker Events and Properties After Taking Single Tournament Chip|
|2||Three Years Later, Blair Hinkle Finally Receives His Missing $1 Million In Full Tilt Poker Money|
|3||Man Loses $500K On Super Bowl, Sues Casino|
|4||High-Stakes Online Poker: Poor February Puts Blom Back In The Hole Lifetime On Full Tilt Poker|
|5||Police Arrest Two For Allegedly Using Fake Poker Chips At Maryland Casino|
|6||Crazy Gambling Stories From February|
|7||NBC National Heads-Up Poker Championship Not Running In 2014|
|8||Poker Strategy With Ed Miller: Three Great Small Stakes Plays That Fail In Tougher Games|
|9||George Lopez Arrested For Drinking Way Too Much And Passing Out On Casino Floor|
|10||Chris Moorman Wins The 2014 World Poker Tour L.A. Poker Classic|