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Global Poker Index Raises 4.9 Million $
Tuesday July 14,2015 : GLOBAL POKER INDEX PARENT RAISES $4.9 MILLION
Mediarex hopes to build poker into an e-sport.
Poker entrepreneur and Global Poker Index founder Alex Dreyfus, who is also CEO of parent company Mediarex Sports & Entertainment, has announced that MSE has just raised $4.9 million in Series A funding from private investors.
The London-based Global Poker Index is a ranking authority for 450,000 professional poker players, and wants to aggregate the fragmented global audience for poker into a single professional league with a series of poker teams.
With more than 100 million poker players around the world, and working through GPI, Mediarex hopes to build poker into an internationally recognised e-sport.
The company announcement revealed that MSE has "...secured $4.9 million in Series A funding from a round of private investors including a first-tier private equity fund in Beijing, and angel investors from telecom, sports marketing, and financial sectors in Asia and Europe in its bid to Sportify Poker."
It added: "The investment will enable MSE to lay down the framework to develop the sport of poker by aggregating the game's currently fragmented audience which includes more than 100 million people around the world."
VentureBeat reports that the list of investors who have participated in the funding round includes individuals like Hong Kong businessman and poker player Dr. Stanley Choi, D.E. Shaw Group China CEO Donald Tang, France's telecom tycoon and co-owner of LeMonde Xavier Niel, and Chief Commercial Officer at Perform Group, John Gleasure.
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PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
China Lottery Sales Up in 2016 -
The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).
New chairman and a new director for 500.com -
Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.
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