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Pokerheaven and PokerChannel For Sale

4/4/10 - The Poker Heaven and Poker Channel interests of UK online gambling company Gaming Media Group could be up for sale, opines the Telegraph newspaper, noting that Management has hired Cavendish Corporate Finance to advise on options for the future.
 
The move to explore a sale comes after the company received several unsolicited approaches from trade buyers, the newspaper reveals.
 
Founded by entrepreneurs Crispin Nieboer – a former NM Rothschild banker and BSkyB executive and Shaun Barron in 2005 with the backing of private venture capitalists, the Poker Channel should generate earnings of GBP 349 000 on revenues of GBP 1.5 million this year.
 
The television based channel provides specialist poker programming that includes branded tutorial shows, player interviews, cash games, online event coverage, daily news updates and live coverage of international events.
 
Meanwhile sister company Poker Heaven has developed into a successful Europe-facing online poker operation that predicts revenues of GBP 11.3 million and earnings of GBP 1.5 million this financial year.
 
The Telegraph speculates that there could be plenty of interested buyers, including major operators known to be interesting in acquisitions such as Party Gaming and 888, along with gambling groups like Ladbrokes, Paddy Power and Full Tilt Poker.
 
Paul Herman, the partner at Cavendish managing the sale, refused to be drawn on the identity of the bidders, but did confirm that considerable interest has been seen from Asia and overseas. 



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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?

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MPN Poker Tour Bratislava Results - Alex Hendriks Wins Inaugural MPN Poker Tour Bratislava Main Event and €27,000

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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