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5050 POKER TO LIST ON NASDAQ OMX FIRST NORTH
Thursday September 8, 2011 : Listing will improve company's prospects says chief executive officer
Swedish-based online poker firm 5050 Poker Holding AB intends listing on Sweden's Nasdaq OMX First North market next week, according to a company press statement.
5050Poker Holding AB owns and manages internet gambling companies, primarily aimed at the European market with special focus on the Balkans, Netherlands and Germany. Its subsidiary 5050 Poker Ltd. operates the gaming portal www.5050poker.com.
The Company will reportedly make 50 percent of its shares available over a two-year period. Its most recent share issue was fully subscribed contributing an additional 150 shareholders to its existing 580 and approximately SEK 5 million.
5050 Poker Ltd secured exclusivity in the Montenegrin online gambling market this week in a deal with MonteStars and Avala Casino.
A company spokesperson revealed that the firm's current casino and poker offering will be augmented to include sports betting by the end of the year.
"It is an exciting time for 5050 Poker at the moment, our 5050 team has great success in tournament play, our offer when it comes to Poker and Casino is under constant improvement and our player base is growing. We anticipate that the attention that a listing will provide increased interest in playing with 5050 Poker", said Patrick Sjögren, chief executive officer, 5050 Poker.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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