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MEDIA CORP AND HIPPODROME TIE UP IN ONLINE JV

1/27/2012 : Shares placed to cover start up costs
 
UK gaming and advertising group Media Corp has entered into a joint online venture agreement with the soon-to-be launched Hippodrome Casino.
 
Under the terms of the deal Media Corp will provide a branded online offering comprising a suite of online gaming products that include online casino and poker games.  Sportsbetting and bingo are scheduled to be added through the year.
 
The joint online venture which is contracted on a revenue sharing basis will see MediaCorp maintain the software, all financial transactions and 24/7 customer support.  Additionally, Hippodrome Casino customers will be offered cash deposit and withdrawal facilities from their online accounts at the Casino venue.
 
Hippodrome Casino has undertaken to promote the online offering across a wide range of media including television, outdoor and printed media. Cross-promotional opportunities between the online and terrestrial venues is included in its strategy.
 
In relation to the deal, Media Corp has announced the placing of 32 400 000 ordinary shares at 1.1p each, the proceeds of which will be used to fund the initial set up cost of the online joint venture.
 
The soon-to-be launched Hippodrome Casino is a GBP 40 million redevelopment of a historic venue that will create a 90 000 square-foot international-style casino in the heart of London's West End comprising three gaming floors, five bars, a restaurant and a 200 seat cabaret theatre.  The casino predicts 1 million visitors in its first year of operation.
 
Justin Drummond, chief executive officer, Media Corporation plc, commented:  "This is a major deal for Media Corp, which will see the scale of Media Corp's online gaming business grow enormously. Whilst we already have a sizeable business in online poker, growth of our online casino business has been a particular focus for the Group. The deal will major step change for Media Corp as we build a significant presence in the UK and international online gaming market. The Board is also delighted that the placing to the maximum amount of the share authority was oversubscribed, demonstrating the belief that investors have in our continued growth."
 
Simon Thomas, Chairman, Hippodrome Casino added: "We are very excited about working with Media Corporation. We are creating something special with the Hippodrome that should start a new era in gambling led entertainment in the UK. We needed an online partner that was doing something special with online casinos, who reflected our standards and desire to do the basics superbly, but add a layer of fun and flair and we are proud to have Media Corporation as our online partner. Together we should be able to create something larger than the sum of the parts and give a new dimension to both businesses."



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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