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World Poker Fund to acquire Universal Entertainment ZGroup

Monday May 2,2016 : WORLD POKER FUND IN DEAL TO ACQUIRE UNIVERSAL ENTERTAINMENT
 
Target is service supplier to the Iowa tribe of Oklahoma, which has international online poker plans.
 
New York-based social gaming developer World Poker Fund Holdings announced Monday that it has signed a deal to acquire a 49 percent stake in online poker software provider Universal Entertainment ZGroup (UEG), a company  with online gaming assets that include trademarks, online gaming platforms, source codes, and casino licensing and consulting agreements.
 
UEG has been chosen by the Iowa Tribe of Oklahoma to supply the online poker technical product for the tribe's ambitious plans to launch the international brand PokerTribe.com and InSkyCasino.com in internet, marine and airline formats from servers based on tribal lands in Oklahoma.
 
InfoPowa readers will recall that the Iowa Tribe received the green light for its planned global online poker operations from the United States District Court for the Western District of Oklahoma after the state indicated that it would not oppose the plan following an initial round of litigation and the decision of an independent arbitrator that the venture does not contravene the tribe's compact with the state.
 
Online poker action through the tribe's sites will not be made available to US residents, and the servers will be on tribal land.
 
"This judgment will make Iowa Tribe the first Indian tribe to launch a legal online site from the United States. We expect the Iowa Tribe of Oklahoma to launch their online real money play casinos to be launched and generating revenues within the next 90 days domestically and globally," an announcement from WPFP notes.
 
The full financial details and scope of the transaction will be disclosed in public filing following this release with OTC Markets within the next 72 hours.
 
Earlier this year WPFH announced a collaborative marketing and publicity partnership New York PR firm1-800-PublicRelations, Inc. Under the terms of the agreement, World Poker Fund Holdings, Inc. will use 1800pr's resources, chief strategists, launch a full content marketing campaign and leverage the firm media relations capabilities within the social gaming and event arena. Additionally, 1800pr invests in WPFH, by way of a delivery service in exchange for an equity stake in the company vesting over the next year.
 
Former World Series of Poker main event champion Jamie Gold is WPFH's brand ambassador.



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Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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