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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.”
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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