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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.
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
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.
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