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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 :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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