Paradise Poker Online
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| Type | Subsidiary |
|---|---|
| Industry | Gambling |
| Founded | 1997 |
| Headquarters | London, United Kingdom |
| CEO Kenneth Alexander | |
| Products | Sports betting Financial betting Poker (Paradise Poker) Casino (Paradise Casino) Games Backgammon |
| Revenue | £1,577.2 million (2009)[1] |
| £21.9 million (2009)[1] | |
| £12.4 million (2009)[1] | |
| Owner | GVC Holdings plc |
| Website | www.sportingbet.com |
Sportingbet is a British online gambling operator, owned by GVC Holdings plc. The company was listed on the London Stock Exchange and was a constituent of the FTSE SmallCap Index prior to its acquisition by GVC.
History[edit]
The Company was founded by Mark Blandford in 1997.[2] Sportingbet acquired Paradise Poker in October 2004.[3] On 7 September 2006 SportingBet reported that its then chairman, Peter Dicks, was detained in New York City on a Louisiana warrant while traveling in the United States on business unrelated to online gambling.[4] Louisiana is one of the few states that has a specific law prohibiting gambling online. In March 2007, all Louisiana warrants involving the company were cancelled.[5]
In October 2006, Sportingbet announced Paradise Poker would stop taking deposits from US customers, although most would be allowed to continue to play for another month.[6] Additionally, Sportingbet sold all its US-facing sports betting and casino businesses, including Sportsbook.com and Sports.com, to a group of private investors for $1, and an assumption of $13.2 million in debts.[7]
In February 2007, Sportingbet announced it was eliminating its Paradise Poker software and migrating players from there to its Sportingbet Poker platform. Prior to this, the two platforms had approximately the same number of players, but the Sportingbet platform had higher liquidity because that platform was part of a larger network. The brand name of Paradise Poker was retained.[8]
In 2008, Netbet (Pty) Ltd, a company in South Africa, licensed the Sportingbet brand for online gambling in South Africa.
In October 2012, Sportingbet announced its board had agreed to preliminary terms for a £530 million takeover bid from UK bookmaker William Hill and Isle of Man-based GVC Holdings.[9] Under the terms, Sportingbet's Australian and Spanish operations were bought by William Hill.[10]
Operations[edit]
Sportingbet operates local-focused sportsbooks, virtual games and casino sites, and the online poker cardroom, Paradise Poker. Overall, the company has over 2.5 million registered customers in 200 countries, who place over one million bets (casino, poker, sports and virtual games) per day.
Sportingbet operates several websites. The largest of these are wholly owned and operated by Sportingbet. They also use a system similar to a franchise, in which independent website operators use Sportingbet's centralized software, financial services, trading, and customer service under license. These web sites receive a cut of the profits their customers generate.
Sportingbet's corporate offices are located in Guernsey. They also have offices and call centres in the Republic of Ireland and Costa Rica. The PLC is located in Moorgate, London.
Sponsorship[edit]
The company sponsored Premier League, Championship and League One football team Wolverhampton Wanderers from the 2009–10 season until the 2013-14 season.[11] This link-up with a football club first began in January 2009, when Bulgarian football club Slavia Sofia announced a 3-year sponsoring deal. As a result, the logo of the company will appear on the club's shirts for the 2008–09, 2009–10 and 2010–11 seasons of the Bulgarian A PFG. Sportingbet will also sponsor Steaua Bucuresti of Romania for the 2009–10 and 2010–11 season. Their logo will also appear on Steaua Bucuresti II, Steaua's reserve team's shirt, which now plays in Liga. Sportingbet have also sponsored division 1 Victorian amateur football team Banyule FC for the 2010–2011 seasons.[12]
Football[edit]
PAOK FC[13] (2015-2018)
CFR Cluj (2017–present)
References[edit]
- ^ abcAnnual Report 2009Archived 16 July 2011 at the Wayback Machine
- ^Sportingbet Founder Joins Mfuse BoardArchived 3 December 2010 at the Wayback Machine Mobile marketing
- ^Sportingbet acquires Paradise PokerArchived 13 June 2010 at the Wayback Machine Professional Poker.com, 30 October 2004
- ^Adam Goldman (26 September 2006). 'Sportingbet PLC Chairman Detained in NYC'. CBS News. Archived from the original on 14 October 2007. Retrieved 12 September 2007.
- ^BBC News Online (21 March 2007). 'Sportingbet warrants cancelled'. Archived from the original on 28 March 2007. Retrieved 12 September 2007.
- ^Paradise Poker. 'US Gaming Legislation Information'. Archived from the original on 28 October 2006.
- ^Reuters: Sportingbet exits U.S. by selling out for $1Archived 8 January 2007 at the Wayback Machine
- ^Reuters: Sportingbet writes off gaming software in new dealArchived 18 February 2007 at the Wayback Machine
- ^'William Hill, GVC agree Sportingbet takeover terms'. Reuters. Archived from the original on 15 September 2016. Retrieved 2 September 2016.
- ^'GVC completes acquisition of Sportingbet'. GVC Holdings plc. Archived from the original on 3 August 2015. Retrieved 6 September 2015.
- ^wolves.co.uk (31 March 2009). 'Major New Sponsor Announcement'. Archived from the original on 20 February 2012.
- ^Sportgingbet Press Release[permanent dead link]
- ^Η Sportingbet Χρυσός Χορηγός του ΠΑΟΚ!
External links[edit]
Poker Online Game
Paradise Poker • 100% up to $1000
- Oldest site on the Boss Network
- More than 12 years experience in gaming
- One of the softest European networks
Paradise Poker was established way back in 1999. This poker room is cone of the oldest sites in the history of online poker. During its heyday, Paradise Poker was unmatched in terms of player volume and traffic.
However, when the Unlawful Internet Gambling Enforcement Act of 2006 was passed, Paradise Poker pulled out of the United States and primarily focused its attention on European and Australian poker players. The shift significantly affected the traffic of Paradise Poker as thousands of U.S. players were barred from playing.
In spite of this, the site still has considerable player base. At any given time, Paradise hosts some 5,000 active poker players. The decrease in traffic however did not affect the quality of the site. With a series of upgrades to its poker software, Paradise Poker remains as a potent force in the online poker industry.
Bonuses in Paradise
Paradise Poker is truly a paradise for poker players. Paradise Poker offers a substantial first deposit match bonus of 200% up to €1,000. The bonus money or extra cash, as the site calls it, is deposited in your bonus account. As you play ring games, the extra cash is deposited to your real money account in increments.
Aside from the match bonus, all new players are entitled to enter the 1000 Euros Beginner’s Freerolls. This poker room also has several Freerolls running everyday and everybody can participate. These free tourneys offer you the opportunity to increase your bankroll without risking your own money. These are high value freerolls and your chances of winning are greater because competition is relatively light.
Paradise Poker Game Play and Software Quality
In the past, Paradise Poker was well known for its tight players and very stiff competition. In other words, there were many sharks in this poker room so you really needed to sharpen your skills in order to take down bigger pots. The shift in traffic and the reduction of player volume changed the competition level of the site. More and more players now are playing loosely at Paradise Poker. That is why it would be easier today to win at Paradise Poker especially if you will play your hands aggressively. There are many gamblers playing on the site because the network is primarily dedicated to sports betting. So it is not surprising for some players on Paradise Poker to gamble a low pair against your rocket pocket.
Software quality is one of the strongest feature of Paradise Poker. It has a very intuitive and simple interface. The site also updates the client application regularly so you will not experience any performance glitch with it. Paradise Poker has an impressive built-in stats tracking system. Playing stats, percentages, and the average sizes of pots are readily available on the client application. So there is really no need for you to buy third party tracking software. You can use the built in stats tracking of Paradise Poker to analyze your game play and performance.
Paradise Poker Room
Play Online at Paradise Poker Now
Paradise Poker Online
Indeed, if you want to enjoy perfect poker experience, then it is just practical to place your bet on the veterans. Paradise Poker is one of the veterans in online poker industry. Poker players depositing at Paradise Poker for the first time will receive a 200% up to €1,000 first time deposit bonus.