No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Steve Lipscomb From Poker To Energy
5/15/10 - Steve Lipscomb is an instantly recognisable name in the gambling industry, associated for many years with the World Poker Tour and its globally televised tourneys, but now branching out into an equally exciting sector of the economy – the wildcat oil business.
Lipscomb’s new venture caught the eye of the LA Business Journal this week, which reported that the ex-poker executive may well have drawn aces with his new energy company, where share prices have doubled in the past month.
In November last year Lipscomb’s WPT Enterprises sold its assets to Party Gaming plc, leaving Lipscomb’s original WPT as a paper company with $28 million in cash.
Lipscomb changed its branding to Ante4 Inc. and told stockholders he was planning to use the money to enter a new type of business. Good to his word, the former poker chief announced on April 16 this year that he had merged Ante4 Inc. with an oil leasing firm in Billings, Montana to form Voyager Oil & Gas.
Filings with the Securities and Exchange Commission show Lyle Berman, a former professional poker player who served as chairman of WPT, holds the same position at Voyager. He said if the company had distributed the $28 million from the Party Gaming deal in divestiture profits to shareholders, it would have equaled about $1.40 per share.
“We thought if we could find a company with a great business model that needed cash, the stock would trade significantly above $1.40,” Berman told the Business Journal. “We have fulfilled that mission.”
Voyager shares went from $1.40 at the time of the merger to about $3.20 last week. The stock trades on the over-the-counter bulletin board under the symbol ANTF, although the company plans to change the ticker to reflect the Voyager name.
The three original founders of World Poker Tour – Lipscomb; Berman; and Berman’s son, Bradley Berman – have no experience in the oil business, but they hired investment banks, one in Los Angeles and one in Minneapolis, to find merger opportunities, and settled on the Montana energy company, then called Plains Energy Acquisition.
Lipscomb and the Bermans will serve on the board of Voyager but will have no day-to-day responsibility for running the company. Those duties will fall to J.R. Reger and Mitchell Thompson, respectively the chief executive and chief financial officer of Voyager, who formerly worked at Plains.
Through the merger with Plains, Ante4/Voyager got ownership of oil and gas leases on about 98 000 acres in the Bakken formation on the Montana-North Dakota border and the Tiger Ridge region of Montana.
As such, the three original founders own about 19 percent of the new company, compared with the 31 percent they owned at WPT. Reger in Billings owns 6.5 percent.
Berman said that WTP investors can now decide if they want to stay in the game or cash in their chips.
“They have a company with good management and a stock trading over $3 per share,” he said. “So I don’t think we have many unhappy shareholders.”
Reger and Thompson are the only employees of Voyager. Reger has agreed to work for no compensation until the end of 2011, and said in a press release that the Ant4-Voyager company starts operations with $28 million in cash and no debt, and plans to devote all its resources to developing its oil and gas properties.
The company estimates the drilling costs for a typical Bakken well at $4.5 million. With $28 million to gamble, Voyager has money to fund drilling at five or six sites before it needs more capital.
Robert Michael, an energy consultant, said that should be enough to find oil if the geologists have done their job properly.
“Nothing is guaranteed in this business, but you have an overwhelming chance of success in the Bakken with five or six strategic holes,” he said.
USA Online Gamblers. The Best Online Casino with the fastest payouts and highest bonus. Get your Exclusive Bovada Bonus Code now. Up to $4250 in free sign up bonuses. Dont miss out on this limited time special offer.Online Poker, Online Casino and Online SPorts betting all included in this exclusive Bovada Bonus.
Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.