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Lock Poker Buys Cake Poker Network

Monday, May 7,2012 : LOCK POKER MAKING MOVES ON CAKE NETWORK?
 
Monday announcement awaited from Merge-powered online poker site
 
On Sunday an otherwise quiet news scene lit up as rumours of a takeover bid on the troubled Cake Poker Network by Merge-powered operator Lock Poker emerged.
 
The online gambling information site Gambling 911, which is known to have a close relationship with Lock Poker management, appeared to be the first to publish the news, subsequently taken up by major sites like Pocket Fives.com, which contacted Lock Poker to confirm the story and was told:
 
"I cannot comment right now, but I can say that we will be putting an official press release out this week."
 
Pocket Fives subsequently reported that the press release referred to would be issued Monday May 7 at an EST unknown.
 
The 911 article reported that Lock Poker would be taking over the whole Cake Poker Network.
 
There appeared to be no conclusive information on what brand the resultant combined companies would adopt, although there would be changes, according to 911 which reported that Lock Poker would be "....driving technology, marketing, player rewards, implementing a more aggressive tournament schedule, and incorporating a new company philosophy, essentially restructuring the entire Cake Poker Network."
 
A poster at Pocket Fives claimed that he had been told by an unnamed insider and pro player at Lock that "Cake and Lock are merging, or Cake is buying them? Said this was all going down in June."
 
Another poster claiming that Lock Poker represented 40 percent of the Merge Network's traffic, and implied that Cake would not be the buyer but the seller.
 
There has been speculation that Lock's move may have been prompted by Merge's recent cancellation of its Lock Ops tournament scheduled for May 6 to 20.
 
The Calvin Ayre information site points out that Lock's abrasive legal man, Bryce Vincent Geoffrey, was formerly a member of Cake's legal team.
 
911's report asserts that "Cake and its current marquee brand, Intertops Poker, are believed to be continuing to operate as separate rooms and there are no plans to integrate them."

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Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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