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Everest and Victor Chandler to team up in sportsbetting venture

Gigamedia, the Taiwan-based parent of Everest Poker and Everest Gaming, has revealed that it has entered into a strategic partnership with the respected and well established Gibraltar-based land and online gambling company Victor Chandler International.  The company said the primarily sportsbetting deal would significantly expand the online capability of the Everest Gaming platform.
 
The partnership includes the launch of a new sportsbetting product dubbed Everest Bets.com, which Gigamedia boasts will deliver a "broader, richer gaming and entertainment experience."

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Founded in 1946, Victor Chandler is one of the world's oldest, and most reputable online gaming companies. The firm's sports betting business takes over two million betting calls per year from customers in over 160 countries, 24 hours a day. Licensed in Gibraltar, the group does not accept bets from U.S.-based customers.
 
Everest Poker has burgeoned into is one of the Internet's more popular poker sites, the official "felt" sponsor of the World Series of Poker, and was named Poker Operation of the Year in 2007 and 2008 by industry journal e-Gaming Review.
 
"Victor Chandler is a sports betting legend with an enormous, thriving business and an unsurpassed reputation for honor and integrity," said Bob Cahill, head of GigaMedia's gaming software business. "We hit the ground running with a world-class offering addressing a multi-billion dollar market - - we are absolutely thrilled and look forward to additional exciting opportunities with Victor Chandler going forward."
 
Victor Chandler Chief Executive Michael Carlton commented, "We are delighted to be working with GigaMedia. We are confident we can deliver a product to excite their current poker and games customers. The sports betting product will offer all popular sports in many European languages, and complement Everest's superb poker and casino offering."
 
The new offering complements Everest's poker and casino verticals, as a significant percentage of Everest's players currently engage in sports betting, according to company surveys. The cross-marketing benefits and enhanced leverage resulting from the strategic partnership are expected to become very substantial.
 
Everest Bets offers bets on a variety of sports including horse racing, rugby and soccer and is available in multiple languages, 24 hours a day.
 
Commenting on the partnership, the investment guru at The Motley Fool said that Gigamedia investors are eating up the expansion news. The stock opened with 5 percent higher and was sporting a gain as high as 13 percent a few minutes into the trading day.
 
"The difference between struggling casino companies and an online player such as GigaMedia is that the latter is still heading in the right direction, fundamentally," the Motley report advised. "Revenue and non-GAAP earnings rose by 16 percent and 22 percent, respectively, at GigaMedia in its latest quarter. That isn't too shabby for a stock trading at just seven times next year's projected profitability. In other words, gambling may be the company's business, but investors aren't taking much of a gamble at these ridiculously low prices."



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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