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SIX-FIGURE INVESTMENT FOR PASSOKER
Posted 1/19/11 : Innovative approach to online gambling gets a substantial financial boost
Innovative start-up internet gambling firm Passoker has secured a six-figure investment from hi-tech and social gaming investment house Venatus Interactive plc. The deal gives Passoker owners High Sixes.com Limited a solid financial and confidence boost, and Venatus a 15 percent slice of the company.
Passoker is a unique internet gaming product covering televised live sporting action including football, rugby league and union, snooker, darts, NFL, tennis and cricket. Rewarding players on every occurrence of a sporting incident, e.g. a goal, free-kick or throw-in, an ace or double fault, a six or a wicket, Passoker is also played during UK television programmes including Match of the Day and Coronation Street.
Venatus Interactive was formed last year and typically targets young companies that have passed the development stage. Managing Director Edward H. Pfeiffenberger, who has spent the past 31 years in the investment banking business, was first alerted to Passoker as a delegate at EiG 2010 in Copenhagen, where he witnessed Passoker win the Start-Up LaunchPad award in competition with some of the world’s most promising new i-gaming companies.
The investment comes as Passoker prepares for the real money launch of the game in February 2011 with Gibraltar-based bookmaker Victor Chandler. Passoker has also recently signed a partnership with Opta.com, a sports data supplier.
Passoker CEO Stuart Carr said: “This deal is of huge significance for the future of Passoker on a number of levels. As well as the financial element, which is vital to our ongoing growth, we are also securing a considerable investment of experience and business acumen from Venatus Interactive. Edward Pfeiffenberger and his team will be integral to the decision making process going forward and they bring with them an international business network and vast contacts book.”
Gambling News :
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.
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.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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