Poker sold to Party Poker
One of the most popular online poker rooms has
been sold off to its biggest online gambling competition. As it
was reported today, the owner of Empire poker Noam Lanir, one of
the biggest online poker rooms in the world, is selling his
remaining shares to their most rivaled competitor - Party Poker,
for around $40 million.
Most players did not know, but
Empire Poker used to be a skin of Party Poker, which meant that
players from both poker rooms played at the same time at the
same place. However, this came to an end when Party Poker
decided to cut off their numerous skins.
Empire Poker was a publicly
traded company at the time of the new US law, prohibiting
financial transactions to online poker rooms, and the company
got an enormous hit on its value, falling down to a little over
$240 million from almost $930 million an year an a half ago.
This all seems as a new trend
in the Israeli-owned online gambling businesses, following the
Ladbroke's deal to purchase 888 Holdings, and the recent
"interest" from the Israeli police in the online gambling
companies operating in the country. Rumors also circulate that
Party Poker will reopen its doors again to US players, but they
have not yet been confirmed (or dismissed) by the management.