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Online Poker News Archives - October 29, 2004

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Copyright 2004 Scottish Daily Record & Sunday Mail Ltd.
Daily Record

October 29, 2004, Friday


BYLINE: Craig Mcdonald

    A BRITISH firm are the world's biggest gambling website after buying a major US online poker site for pounds 160million.

    It will give access to the 97,000 active players with US- -based Paradise Poker - who are promoted by model Caprice.

    They are also buying better potential to sell to around a million others who play online in the States, where there are more than 50 million poker players.

    The move comes as Britain relaxes its gaming laws to increase the potential revenues of Uk firms.

    Online poker is one of the fastest- growing games on the internet and Sportingbet chief executive Nigel Payne said: 'There's a great deal of growth yet to go.

    'This deal raises the stakes.We're delighted a UK company is leading the world in internet gaming.'

    Sportingbet's shares rose 9.9 per cent, valuing them at pounds 265million.
The company, who average eight bets a second, said sports bets were up36per cent in the year to July 31, and their customer base was up 30 per cent to 1.2million.

    'Over the last 16 months, we have seen the number of customers, the number of bets taken and the profits and cash generated reach record levels,' said Payne.

    Caprice advertises Paradise Poker and loves playing the game.

    She recently took pounds 3000 off former Friends star Matthew Perry in a televised game in the US.

    She said: 'Playing poker is such a rush. Everyone's doing it now.'

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