Apr
6
Do you fancy owning a poker site; if you do it could be possible to buy one if you have the odd £25 million to spare! It is understood the Gaming Media Group (GMG), which owns both the Poker Channel and website Poker Heaven, has appointed advisers from Cavendish Corporate Finance to explore strategic options for the business. It is thought that a number of groups are interested in snapping up the poker site and these include names such as Full Tilt, and 888 Holdings.
The business has come a long way since it was founded in 2005 and it has grown significantly and now provides specialist poker programming that includes branded tutorial shows, player interviews, cash games, online event coverage, daily news updates and live coverage of international events. Poker Heaven, which is linked to the Poker Channel, has developed into one of Europe’s most widely recognised online poker operations. It is thought that the company had received a number of unsolicited approaches from trade buyers which sparked the move.
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