Monday, 8 December 2014
Media giant Sky has sold an 80 percent stake in its Sky Bet gambling arm to CVC Capital Partners in a deal worth an initial £600m.
The deal includes Sky Bingo, Sky Vegas, Sky Casino, sportsbetting odds comparison site Oddschecker.com and Sky Poker.Under the terms of the purchase, Sky will retain a 20 percent equity share as well as agreeing a long-term licensing deal for the SkyBet brand.Jeremy Darroch, Group Chief Executive of Sky, said: “In the last ten years, we have successfully grown Sky Bet from a start-up to one of the leading online betting and gaming companies in the UK. This transaction will allow us to focus further on the substantial growth opportunities in our core international pay TV business while realising significant value for our shareholders.”CVC confirmed that Sky Bet's current Leeds-based operation will remain in place under the stweardship of managing director Richard Flint.Rob Lucas, Managing Partner of CVC, added, "We are delighted to have agreed to acquire a controlling stake in Sky Bet. Richard Flint and his team have built a fantastic business, which is a leader in the fast growing mobile and online, betting and gaming markets. The partnership between CVC and Sky will provide a strong platform to support SkyBet's ongoing success at this exciting point in its development."
Intertops Poker and Juicy Stakes are each about to kick off a second three-stage online satellite tournament series promising to award winners with prize packages into the upcoming Velden stop of the European Poker Championship.
Intertops Poker and Juicy Stakes are each about to kick off three-stage online satellite tournament series promising to award winners with prize packages into the upcoming Velden stop of the European Poker Championship.
Fans of the Oh Hell trick-taking game will soon be able to enjoy real-money competitions online after Hell Club announced that it will be launching its new Oh Hell Stackpot innovation from Sunday.
Tuesday is the deadline for all working Americans to have submitted their income tax returns to the federal government and Juicy Stakes and Intertops Poker are set to mark this annual occasion by holding a special freeroll competition featuring a $1,000 top prize.
Intertops Poker and Juicy Stakes cASINO are giving online poker players another chance to win their way to the Caribbean.
Win your way to the Caribbean in online satellites at Intertops and Juicy Stakes.
“We run a lot of higher stakes tournaments for our more hard-core players,” said Intertops’ poker manager. “But since our network is generally pretty soft, we created this series to give less competitive players a shot at winning.”
$200 GTD ‘East of Eden’ Poker Tournament Monday night at Intertops Poker will be a freezeout tournament with no re-buys or add-ons.
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