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5050 POKER TRADES ON NASDAQ FIRST NORTH
Thursday September 15,2011 : Poker company claims Montenegrin market is now regulated and closed to other operators
Swedish poker firm 5050 Poker Holding AB’s application for listing on NASDAQ OMX First North has been accepted with trading in the Consumer Discretionary Sector commencing today (Wednesday).
Founded in 2007, 5050 Poker Holding AB owns and manages companies operating within the online gaming industry. While its current focus is on poker, the company intends extending its offering to include casino, betting and entertainment gaming, primarily aimed at the European market.
Jenny Rosberg, Vice President NASDAQ OMX Nordic, said: “It is rewarding to see an oversubscribed IPO in times of economic turmoil, which is proof that the market has confidence in 5050 Poker's business model and growth potential.”
Patrick Sjögren, CEO, 5050 Poker Holding AB commented: “We are very pleased with the strong interest in our listing, and now we look forward to benefiting from the investor reach and brand awareness that comes with being a listed company.
“We have shown significant growth in the last year and will leverage our listing at First North to continue to build an international and profitable gaming company.”
InfoPowa readers will recall Swedish poker company 5050 Poker Holding AB claiming exclusivity in the Montenegrin online gaming market following a co-operation between Montestars Poker and land-based Casino Avala recently.
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