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24hPoker and Martinspoker have been sold

Tags: 24hPoker, entraction, iGame Ltd, Martinspoker.
Posted on 14 April 2009 by "T".

Today one can read on entractions website that Casagaming Ltd, that owns the poker sites 24hpoker and martinspoker on the entraction poker network has signed a Letter of Intent to sell the operations of both their sites.

The letter of intent includes that iGame Ltd acquires Casagaming Ltd's assets (domains, customer registry and brands). The value of the assets are 4.5 million euro, of which Entraction's share is 2,565,000 euro.

"The selling of the gaming operations is a milestone for Entraction and enables us to focus 100% on our supplier operation. In a time when many of our competitors does the opposite and start to mix the roles of operator and supplier, Entraction's focus makes us both more attractive to new partners and more transparent to investors. I am certain that iGame Ltd will continue to successfully operate the sites in our network", says Peter Åström, CEO Entraction.


About Entraction
Entraction Holding AB is a Swedish-registered gaming group that develops proprietary software systems for online gaming through its subsidiaries and operates one of the world's largest poker networks. The poker network is operated by subsidiaries on Malta that are licensed to market and conduct their own gaming activities and to deliver gaming services to partners in the poker network.

 


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8 comments on "24hPoker and Martinspoker have been sold"


 Noogey14/04/2009 17:28:51 GMT
Internet poker is a really interessant "marché" (sorry don't know the translation Blink) for the moment, always in expension... But it's a quite impressive and huge amount ...

How many for full tilt or pokerstar lol ? An idea ?
 umarplus14/04/2009 17:39:52 GMT
it is indeed a very interesting market.

if you ask Clonie Gowen, she would estimate the worth of Tiltware LLC at 4 billion...

Blink
 shokaku14/04/2009 17:40:55 GMT
Looks like recession has caught up with online poker. I guess we will see a lot of rooms get closed or merged.
 MANUEDO14/04/2009 22:14:26 GMT
I think that when economy and country wealth get wrong, people are more interested in taking risks betting money.
Here in Italy lotto, bingo, poker online and skill games in general are increasing volume of betting Shock
 Fakiry16/04/2009 16:13:12 GMT
For what i have search, i have´'t seen none of those poker sites offering promotions here on BankRollMob. Perhaps it could be a nice idea to enlarge the capabilities of BRM! Quantity doesn't means quality, but it can atract more users and more subscriptions to BRM...
 ArpSoft17/04/2009 16:32:50 GMT
Very nice. It's very nice money!
 DrTre121327/04/2009 00:55:12 GMT
This is true, MANUEDO. In this time of financial tightening, people are moving away from investing in the stock markets, where they are sure to lose and have no say over how well their investments turnover..to gambling, where they can at least incorporate some skill and have influence over how much they make! The investors brought it on theirselves...but it's great for poker and other betting industries :>
 Jodoli27/04/2009 09:34:25 GMT
Wow! Another big selling, Entraction is growing, but i dont like the software of entraction, i played in noiq and i didnt like very much :/ I heard that the party poker and everest will join in a common room, is it true?

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