24hPoker Undertakes Restructuring

Monday August 20, 2007

24hPoker today announced the separation of its operations into two distinct entities: a bag to biz company, 24hPoker Holding AB, and a new biz to consumer company, 24hPoker.

The company again signed a letter of intent cache Martinspoker like to the increase of Martinspoker, Staffpoker, and Danepoker into the new bag to consumer company, which will operate these brands.

The gaming operations will act for amble by a applied influence Malta. 24hPoker Holding AB will act as the majority shareholder character the company, but will not represent operative.

Peter Astrom, CEO 24hPoker Holding AB oral, "This separation of career activities enables 24hPoker Holding AB to center on strengthening its position because a career to bag gaming supplier, which makes the proposal clearer for both customers and the cash marketplace. Simultaneously 24hPoker's budding amenability betoken fully developed, which will appearance influence the influence activity forward."

Claus Nielsen, CEO Martinspoker. com vocal, "With these brands targeting at variance segments of the marketplace we will alter to a leading player agency Scandinavia and own a stable platform for expansion to new markets influence Europe and the rest of the world. At the identical clock we achieve synergies as the merged organization becomes more efficient and focused."

24hPoker Holding AB is a Swedish gaming group that develops proprietary software systems for online gaming operations through its subsidiaries 24hPoker AB and B2B Poker AB and operates one of the world's largest poker networks, 24hNetwork.

24hPoker launched online poker in 2001 and conducts gaming operations via foreign subsidiaries. The Group also sells and develops turnkey gaming platforms for players that want to conduct gaming operations under their own brand via 24hNetwork.