PokerNetwork signs with Gaming Corp - UKs no 1 gaming portal operator
PokerNetwork, the worlds third largest online poker network, owned by Swedish Ongame, has won the approval of Gaming Corporation ("Gaming Corp"), the United Kingdoms no 1 gaming portal operator. Gaming Corp and the Ongame-owned PokerNetwork have signed a licensing agreement that will enable for Gaming Corp to enter the fast growing online poker market.
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.
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.
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."
The size of 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.
Gamin Corp is the number 1 gaming portal operator in the UK and owner of both www.gambling.com and www.casino.co.uk.
Justin Drummond, Gaming Corp Chief Executive, 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".
It is anticipated that Gaming Corps service via PokerNetwork will be launched at the beginning of September.
This is Ongame
Ongame is a world leader in digital entertainment with a focus on poker. The Group develops and markets everything from stand-alone products to turnkey solutions in poker and casino games for digital media. The Group owns one of the worlds largest poker networks, PokerNetwork, with about 5 million registered players. By mid 2005, Ongame had a total of 200 employees. Revenue in 2004 was SEK 411 million with a pretax profit of SEK 137 million. The Groups head quarter is located in Sweden. Ongame is one of Swedens fastest growing companies and was appointed "IT Company of the Year" by Swedish business magazine Veckans Affarer in May, 2005.
This is PokerNetwork
PokerNetwork, a B2B subsidiary of Ongame, is the worlds third largest online poker network. The objective of PokerNetwork is to use its already established base of more than 5,000,000 players and license Java and Windows based poker software to high-end Casino and Sportsbook sites. PokerNetwork is unique in that it offers multiplayer poker for mobile phones as well as Java based no-download-required poker software and downloadable clients for Windows. Currently, the worlds third largest poker site PokerRoom.com - also a subsidiary of Ongame - is the dominating operator within the network.
2005-07-12
