2006 February 15 Poker News, Events and Happenings - Page 2

LONDON - Online poker giant PartyGaming has put an end to its litigation with small rival Empire Online after agreeing to acquire certain assets from the group.PartyGaming has agreed to pay $250m in cash to Empire in return for acquiring its EmpirePoker.com skin and other associated white label agreements relating to AceClub.com and StarluckCasino.com.The agreement also sees the withdrawal of all legal claims by Empire.The dispute arose after PartyGaming announced last October that it would sto

LOS ANGELES, Feb 14 (Reuters) - WPT Enterprises Inc. (WPTE.O: Quote, Profile, Research), which created the TV show World Poker Tour and operates a gaming Web site, said its online gaming business could eventually overtake its TV show as its top revenue generator, its chief executive said on Tuesday.Steve Lipscomb said at the Reuters Hotels and Casinos Summit held in Los Angeles that WPTOnline, launched last year, is a fast-growing division but is unlikely to overtake the revenues generated by it

SAN JOSE, Costa Rica, Feb. 15 /PRNewswire/ — To complement its online, print, radio and television marketing campaigns, Bodog.com announced today a new advertising deal that will see it take to the skies. Six large passenger jets will be externally and internally branded in the colors and logo of theinternational digital entertainment and gaming company.The advertising initiative will cover a three-month span on six Allegiant Air, 150-seat MD-80 passenger jets. The Bodog.com plane wrapping wi

Most Texas Hold ‘Em played in casinos is “limit” poker. That is, there is a limit as to how much money can be wagered. Small stakes limit games are typically $3-$6 and $4-$8. There are also high stakes limit games. For example, in Las Vegas, I’ve seen limits of $750-$1,500, and more. What defines limit Hold ‘Em is that the maximum bet is prescribed.There is also “no-limit” Hold ‘Em, meaning that there is no limit to the amount you can bet. If you want, you can bet all of the chips in front of yo

Only in the world’s richest poker game would a one-day net win of $1.2 million be considered child’s play.

After months of legal turmoil, PartyGaming and Empire Online have finally brokered a deal to end their poker-related business dispute. According to the terms of the deal, which has yet to be approved by Empire Online shareholders, PartyGaming will agree to pay Empire a reported sum of $250 million for its Empire Poker online poker room. If Empire Online shareholders approve the deal, they are expected to receive a sizable per share dividend based on the proceeds of the Empire Poker sale.

First they weakened them then they bought them out in a classic hostile takeover, online poker style. Party Gaming, the operators of Party Poker, have bought out the assets of their one-time biggest partner Empire Online, the operators of the poker skin Empire Poker. The deal is worth $250 million, and is good news for PartyGaming…