Wednesday December 9,2015 : CHANGE OF OWNERSHIP AT EQUITY POKER NETWORK
Archer departs, but who are the new owners?
Industry observers were left speculating today on who the new owners of the Equity Poker Network may be following an announcement by director Clive Archer that he has left the company, although the rest of the management team remains in place.
It is known that a new group of gaming investors has taken control and is reviewing operations, but the identity of the members of this group and how much they paid for EPN is currently unknown.
In a press release the company revealed that Archer’s recent bad health is behind his decision to step down, quoting the industry veteran as saying:
“I have had little involvement in the past six months following my health problem. With my inability to be fully involved it has not been a perfect situation for the business and I fortunately have had friends who have helped out. I am very pleased that the new investors have recognized the potential of the business and stepped in. I am even more pleased that they will continue to use the existing management team who have built and operated this business."
The Equity Poker Network describes itself as a cooperative, fully transparent, peer-to-peer network of operators looking to profitably add poker to their portfolios or increase the profitability of existing poker assets. Archer has claimed that it is a non-profit organization (to maximize profits of its Licensees), with low fixed fees and minimum costs to the operators who form the collective.