Euro Poker: Betdaq Signs with 24hPokerIrish Betting Exchange to Launch Poker; Owner to Receive 24hPoker Shares |
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Swedish poker company 24hPoker has announced an agreement with the Irish online gaming operator Betdaq, a betting exchange where punters bet against each other and pay commission on winning bets.
Under the agreement, Betdaq will launch a new poker product on 24hPoker's poker network and Betdaq owner Dermot Desmond will receive an option to acquire 125 million B shares in 24hPoker Holding AB.
Peter Åström, CEO of 24hPoker Holding AB, said, "Our agreement with Betdaq gives us strategic and financial advantages that benefit the company and its shareholders. We become affiliated with a strong partner in the gaming business and can benefit from their international connections and experience. I am convinced that this kind of strategic alliance strengthens 24hPoker's position in the international gaming market and this will add to our efforts to turn 24hPoker back in to a profitable company."
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