Poker.co.uk

Poker Info
DATE: May 26 2012
TIME :

Poker.co.uk - Poker news archive

The Gambling Network

Poker.co.uk - Poker News Archive

Thursday 14th February 2008

Online Poker Room Buys Major Skin

Online poker software developer and network operator AbsolutePoker.com has finalised a deal to acquire one of its largest skins, VegasPoker247.com, for an undisclosed amount.

The two poker rooms have not yet combined but are expected to do so in the immediate future with information sites such as NetBlog revealing that affiliates were the first to be informed of an imminent player migration as many will be affected financially.

Absolute’s network boasts close to two million registered players and has recently emerged from an in-house cheating scandal culminating in a $500,000 fine from the Kahnawake Gaming Commission. Experts speculate that the buy-out is down to Absolute, like PartyPoker.com before it in the Empire takeover, wanted to corral the substantial player-base and cease paying revenue streams to VegasPoker247.com when both rooms’ customers play at the same tables.

The deal was announced in a statement given by Joe Norton, a former Kahnawake chief and owner of AbsolutePoker.com's parent group, Tokwiro Enterprises ENRG.

“Today’s online gaming community demands and expects a transformative gaming experience that seamlessly integrates superior technology, responsiveness to customer needs and a safe and secure environment in which to play,” said Norton.

“AbsolutePoker.com and VegasPoker247.com are at the centre of this trend and this acquisition will build on our combined heritage to redefine the online gaming experience.”

The statement went on to reveal that the Vegas247.com brand, in operation since 2006, would be closed with the migration of players’ accounts beginning soon.

�

Source: OnlineCasinoNews

View Similar Stories
$10,000 Poker Room Bonus Stuns Online Poker World
Report Into Online Casino and Poker Room Disputes Released
UK Newspaper Launches Online Poker Room
Celtic FC Open Online Poker Room
Online Poker Room Announces Partnership With Poker Champ

Discuss this story in the Poker Forum. Last 5 Posts:
Saturday 26^th May, 2012: WSOP Fantasy Draft 2012
Saturday 26^th May, 2012: New Bap - Day 3
Saturday 26^th May, 2012: Party Poker and William Hill (iPoker) BAP
Saturday 26^th May, 2012: Brag Thread! Post your greatest wins (online or live) here.
Friday 25^th May, 2012: One way poker Swapsies

Poker.co.uk is part of The Gambling Network | Terms and Conditions | Privacy Policy | Contact Us | Gamble Aware

Poker.co.uk is operated by InTouch Poker Ltd (hereinafter called the "Company"), a limited liability company with registration number C44236, registered in Malta (a member of the EU since May 2004). The Company’s registered address is at Vincenti Buildings, Suite 623, 14/19 Strait Street, Valletta VLT 1432, Malta. The Company operates the Poker.co.uk online poker room under a provisional license issued and regulated by the Lotteries and Gaming Authority ("LGA") of Malta (issued on 2 December 2008, number LGA/CL3/412/2007). The software used for operating the Poker.co.uk online poker room is licensed from Boss Media Malta Poker Limited. Our services are not available to residents of the United States, US Virgin Islands, US Minor Outlying Areas or Turkey or any other jurisdiction that legally prohibits its citizens from engaging in online gaming.