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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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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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