Online Casino Transfer: News - Gaming Media Looks to Sell

04/16/2010		Online Casino Style: News Gaming Media Looks to Sell
Home History Games News Dictionary		A couple of the better known subsidiary brands of the online gambling company Gaming Media Group could be switching owners in the near future, reported the company this week, as both Poker Heaven and the Poker Channel have been rumored to be up for sale. The Telegraph newspaper reported on the story this month, making mention that at the very least, the Gaming Media Group has hired on Cavendish Corporate Finance to advise on their financial future, in a strictly advisory capacity. Surprisingly, the idea to possibly put the two brands up for sale did not originate from a need for money, but rather from some unsolicited offers from trade buyers. The Telegraph reported that at that rate that the Poker Channel is going, their profits by the end of the year should reach as much as Ł349,000 on revenues of more than Ł1.5 million. The Poker Channel was founded in 2005 through a partnership between Crispin Nieboer and Shaun Barron, the former being a former NM Rothschild banker as well as B-Sky-B executive. It stands out from many of the other online gambling channels, The Poker Channel is one of only a few that is based from television rather than streaming online. Their content includes all that is encompassed in the world of poker, such as tutorials, cash games, interviews with industry experts and players, daily news as well as the live coverage of multiple international tournaments. Their sister product Poker Heaven has become a leader unto their own, bringing up to Ł11.3 million to their parent company this year. Should the sale posting become official, there should be plenty of potential buyers interested in the sale, with well respected internet casino companies such as Ladbrokes, Full Tilt and even Power Power being mentioned even this early in the game. The partner at Cavendish managing the negotiations, Paul Herman, refused to comment on which online gambling firms might have already expressed interest, saying only that a few offers have already been received from Asian and oversea investors.

04/16/2010

Online Casino Style: News
Gaming Media Looks to Sell

A couple of the better known subsidiary brands of the online gambling company Gaming Media Group could be switching owners in the near future, reported the company this week, as both Poker Heaven and the Poker Channel have been rumored to be up for sale. The Telegraph newspaper reported on the story this month, making mention that at the very least, the Gaming Media Group has hired on Cavendish Corporate Finance to advise on their financial future, in a strictly advisory capacity.

Surprisingly, the idea to possibly put the two brands up for sale did not originate from a need for money, but rather from some unsolicited offers from trade buyers. The Telegraph reported that at that rate that the Poker Channel is going, their profits by the end of the year should reach as much as Ł349,000 on revenues of more than Ł1.5 million. The Poker Channel was founded in 2005 through a partnership between Crispin Nieboer and Shaun Barron, the former being a former NM Rothschild banker as well as B-Sky-B executive.

It stands out from many of the other online gambling channels, The Poker Channel is one of only a few that is based from television rather than streaming online. Their content includes all that is encompassed in the world of poker, such as tutorials, cash games, interviews with industry experts and players, daily news as well as the live coverage of multiple international tournaments. Their sister product Poker Heaven has become a leader unto their own, bringing up to Ł11.3 million to their parent company this year.

Should the sale posting become official, there should be plenty of potential buyers interested in the sale, with well respected internet casino companies such as Ladbrokes, Full Tilt and even Power Power being mentioned even this early in the game. The partner at Cavendish managing the negotiations, Paul Herman, refused to comment on which online gambling firms might have already expressed interest, saying only that a few offers have already been received from Asian and oversea investors.