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Absolute Poker completes acquisition

12 Feb 2008

MONTREAL, Quebec -- (PRESS RELEASE) -- Absolute Poker, one of the world's most popular sites for online gaming enthusiasts, today announced the completion of its acquisition of Vegas Poker 247. The transaction will be finalized soon; details of the terms will follow.

Absolute Poker's acquisition of Vegas Poker 247, which had served as a skin site for Absolute Poker and whose brand name will no longer be used, creates one of the world's largest, most innovative, and diversified online gaming sites. The acquisition brings together two of the online gaming industry's strongest software brands and most ubiquitous technologies for creating and delivering compelling content and player experiences across multiple platforms and geographies.

Absolute Poker has provided operational and back-office support to Vegas Poker 247 since its inception. Similarly, the transferring or exchanging of player data will be unnecessary as these functions are already housed at Absolute Poker's secure site. This week, the Company will begin executing the seamless migration of players' accounts, providing an immediate value for customers, partners, and affiliates as a result of enhanced responsiveness to customer needs and improved tournament play. Absolute Poker will continue to honor and run Vegas Poker 247's tournaments under the Absolute Poker brand.

"Today's online gaming community demands and expects a transformative gaming experience that seamlessly integrates superior technology, responsiveness to customer needs, and a safe and secure environment in which to play," said Joe Norton, owner of Towkiro Enterprises ENRG, which holds a 100% interest in Absolute Poker. "Absolute Poker and Vegas Poker 247 are at the center of this trend, and this acquisition will build on our combined heritage to redefine the online gaming experience."

Absolute Poker is one of the world's top largest online gaming sites. Established in 2003, it is licensed and regulated by the Kahnawake Gaming Commission.

 
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