Game Types
Bonuses
Slots
More
Online Casinos Poker Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Live Dealers
Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions Edit Preferences Search
 
Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW!

Related Links

£20m jackpot for Paradise Poker's three founders

7 Nov 2006

CANADA -- As reported by the (UK) Guardian: "Three Canadian founders of Sportingbet's Paradise Poker business yesterday shared a payout worth more than £20m after operating profits reached a milestone.

"The payout was triggered after Paradise Poker achieved an operating profit contribution of $150m in the two years since it was acquired by Sportingbet. The milestone was reached shortly before US legislators passed new anti-gambling laws last month, sparking an exodus of operators from America - until then the largest online betting market in the world.

"...The Paradise payout was made to Bonaire, a British Virgin Islands company, believed to be controlled by three Canadian technology experts. They remain Sportingbet's second largest shareholder, with 11.5%, but their identities have been kept hidden..."

 
About Us | Advertising | Publications | Land Casinos