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Gaming Corporation PLC UK Regulatory Announcement: Gaming Corporation Enters the Online Poker Market



Printer Friendly VersionPost a CommentTell a Friend about this Article20 July 2005
As reported by: Business Wire
Gaming Corporation enters the online poker market through a deal with PokerNetwork.

Gaming Corporation plc ("Gaming Corp" or "the Company"), the number 1 gaming portal operator and owner of both www.gambling.com and www.casino.co.uk, announces it has signed an agreement with PokerNetwork one of the world's leading poker operators which is owned by Ongame e-solutions AB.

Gaming Corp has today entered the fast growing online poker market through a licensing agreement with PokerNetwork. Under the terms of the agreement PokerNetwork will provide fully customized poker software that will enable Gaming Corp to offer its rapidly growing database of customers a state of the art and highly liquid multiplayer poker application that can be accessed both online and via a mobile device. Under the terms of the agreement Gaming Corp will undertake all responsibility for customer support and financial transactions but will pay PokerNetwork an ongoing license fee for the use of the poker software.

PokerNetwork consists of an exclusive group of premium partners, including PokerRoom.com, that drive customers into a shared pool of poker players. Each partner retains ownership of its own player database and continues to earn commission for the lifetime of the player as they compete across the network of over 5 million worldwide poker players.

The highly competitive ongoing license fee and size of the PokerNetworks existing community will ensure that Gaming Corp enters this fast growing market with best of breed software and most importantly heavily populated poker tables from day one.

It is anticipated that this service will be launched at the beginning of September.

Justin Drummond, Chief Executive of Gaming Corp, commented, "This is a key deal for Gaming Corp; we will be able to offer our extensive customer database multi-player poker that can be accessed on the internet or via a normal mobile handset. Mobile poker players simply log on to a live poker table in the same way they do online joining thousands of simultaneous players competing from the internet or mobile device".

"Multiplayer mobile poker will be extremely attractive to our existing and any potential European mobile network operators"

Karl Magnusson, VP and Chief Administration Officer of Ongame, commented, "We are delighted to have signed this deal with Gaming Corp, a partner in which we see great potential. We are confident that this partnership will generate significant revenues for both companies."
Article By: Business Wire

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