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DQE SELLS OFF 3D GAMBLING SOFTWARE
The Nordic Growth Market listed gambling software provider Designed Quality Entertainment AB (DQE) has announced the sale of its 3D Internet poker and blackjack software to Stockholm-based Proactive Gaming Scandinavia AB in a lease-buy deal worth SEK 8 million that includes all related activities, personnel and contracts.
The agreement means that Proactive Gaming will initially lease the platform for a specified period, after which the
company will take over all rights to the business.
DQE powers online gambling websites like StarClubPoker, The3Dpoker.com, Vegas007.com and Leepoker.com, whose clients play poker and blackjack in virtual gaming rooms via the DQE gaming platform.
A company spokesman said that for DQE the transaction is part of a strategy to change corporate direction. The company intends to focus on selling automatic beverage inventory systems for bars, and the sale of the gaming platform will reduce running costs by some SEK8 million per year, as well as provide capital for developing the new business.
Norkopping, Sweden-based DQE entered the gaming business in late 2005, when it took over TDIG Förvaltning AB, and its commercial rights to a technologically advanced platform for Internet-based poker and blackjack, under development for the preceding two years in collaboration with several leading Swedish companies.
Soon afterwards, the first gaming site, Vegas007.com, was launched with the newly established gaming company, Nostell Services.
In January 2007, DQE signed an agreement with Fiddler Investments Ltd, a company backed by major Asian gaming operators, with the aim of conquering a large part of the growing Asian market for Internet poker at an early stage, but this deal does not seem to have achieved significant traction.
Little is known about Proactive Gaming Scandinavia AB, a limited liability software and web design company with private ownership formed in early 2006 that has offices in Stockholm.
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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 -
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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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