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POKERSTARS BUYS STAKE IN THE HIPPODROME

10/09/2012 : POKERSTARS BUYS STAKE IN THE HIPPODROME?

Terrestrial aspirations a reality for major online poker group

According to an article in The UK Sunday Times, PokerStars has bought a stake in London's terrestrial casino The Hippodrome.

The stake is reported to be a minority share in the Thomas family-owned venue, both percentage and consideration were undisclosed.

Bingo entrepreneurs, Father and son team, Jimmy and Simon Thomas invested GBP 40 Million on the acquisition and subsequent re-modeling of the iconic venue. The duo sold Beacon Bingo in 2008 for GBP 80 Million, formed United Leisure Gaming Ltd and developed The Hippodrome as a casino venue, taking the building back to its original design and use as a casino which is now estimated to be worth in the region of GBP 100 Million.

The building houses "The Top Deck" poker room and offers 24/7 cash poker games.

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