Tribeca sold

[Sheriff Fatman]

what sites are on ipoker?

Noble, Titan, CDPoker, Bet Fred, Kiwi Poker, Fair Poker, Poker Ocean, USA Poker, Prestige Poker that I'm aware of.

[TheJagster]

I really do hope that the platform stays as it is! I play there because I AM a fan of the look and feel of the tribeca software.

[tikay]

Alternatively, you can ask on here and BPL will respond to your queries.

Sorry didnt mean it in a negative way...genuinly just trying to help. I have only just found out myself.

Yes, we realise it was not intended in a negative way, & that the Post was entirely innocent.

The problem is that many blondes are unaware that you run your own Cardroom on the Tribeca Network. It is VERY important to me that blonde remains a "free & open" Forum, so you have every right to Post on here as you have always done. But because of "self-interest" it is equaly important that blondes are fully aware that you run a Tribeca Network Cardroom.  Many of the newer blondes may not be aware of that.

We are cool, we just want to ensure that everybody on blonde knows where vested interests sit.

Well i never knew that !! , learn something new every day 

Thanks Charmaine, that was precisely why I Posted as I did.

I am almost obsessive about declaring "self-interest". When a debate goes off, it makes an enormous difference if one party has an interest in the matter, & if those in the debate don't know that, it amounts to deception. I am of course, talking generally here, & not specific to this case.

You have been a Member on blonde for ever, & yet you never knew Rivercard ran a Cardroom, which makes my poiint perfectly. We have MANY Posters on blonde who have "conflicts of interest", & they really all ought to declare their hand when making Posts where such self-interest is relevant.

When you see threads in which Tribeca or other Networks are attacked or defended, you'd be AMAZED at how much "self-interest" is in there!

I do hope you are well.

xx

[byronkincaid]

I really do hope that the platform stays as it is! I play there because I AM a fan of the look and feel of the tribeca software.

i read it as Tribeca will cease to exist, players will be migrated to iPoker.

[byronkincaid]

as well as the introduction of Playtech's casino games to the migrated licensees

Blonde Blackjack?

[TightEnd]

I read it too that US players will not be playing on the combined network

[SupaMonkey]

I really do hope that the platform stays as it is! I play there because I AM a fan of the look and feel of the tribeca software.

Yea, this was my point. Some people really like it. I guess it's like marmite.

[Dewi_cool]

having played on both platforms, I suggest the move is reversed iPoker to Tribeca

[Jamier-Host]

Hi Dewi.

What is it you don't like about the iPoker software?

[tikay]

Hi Dewi.

What is it you don't like about the iPoker software?

And I'm quite sure most of you know this, & he's never hid the fact, but Jamier-Host works for Blue Square (a Member of the Tribeca Network) so his question has potential self-interest. I hope the point I am making (badly!) is not misunderstood. All of us at blonde have a marvellous relationship with everyone at Blue Square, but it's still critical (to me) that everyone knows who is batting for whom.

[Jamier-Host]

And despite my funny walk I don't bat for the other side.... 

Cheers Tikay - I guess I do kinda assume people know the score there, especially with my username!

[thetank]

I heard they were only buying part of Tribecca.

A bunch of shells listed, VC, BlueSquare, that Scandie one and a few others.

I didn't see Bowmanns or Doyles Room on the list.

Can anyone clarify as to the deal that has been made?

[Dewi_cool]

Hi Dewi.

What is it you don't like about the iPoker software?

I have nothing against Ipoker in general (they need to jazz/brighten it up a bit) it's just I prefer Tribeca

[kinboshi]

I am also a fan of the Tribeca interface (I have no affiliation with nuffink and no one).

The layout is one of the nicest to use, the font used for the card numbers is a 'sans-serif' font, and is very easy to read - even on a screen set at a high resolution. 

Unlike other software, the tables are re-sizeable, and so they can take up a fair amount of screen space when you're multi-tabling - and this is made more of an issue due to the external chat/dealer box.

It would be a shame if the Tribeca software was dumped for the alternative (which I'm not a huge fan of).  Some features are missing from the Tribecca software, but the look and feel is one of the best (in my opinion).

[tikay]

I heard they were only buying part of Tribecca.

Quite possibly.

For the avoidance of doubt, here is what it says on Playtech's Website. I cannot find any PR stuff from the Tribeca side of the equation, & I will Post it if I do. Remember, this is a PRESS RELEASE and you MUST read between the line in these things.

".....Acquisition of Tribeca
13 November 2006


Playtech Limited

("Playtech" or "the Company")

Acquisition of leading poker network to enhance Playtech's poker offering


Playtech (AIM: PTEC), the listed international designer, developer and licensor of software for the online and land-based gaming industry, is pleased to announce today that it has agreed to acquire certain assets and undertaking of Tribeca Tables Europe Limited ("Tribeca"). The acquisition is subject to the satisfaction of a number of conditions.

Tribeca is a software designer that provides a poker network solution to a number of the world's most respected online poker operators such as VCPoker, PaddyPower Poker and Blue Square Poker. In addition to software development, Tribeca also specialises in e-marketing and the development of online poker communities. Most recently, Tribeca announced that the Tain poker network would be joining the Tribeca network, of which the Scandinavian group, Expekt, is the largest customer.

In the 12 months to 31 December 2005, the assets to be acquired generated turnover of c. US$6.2m and gross profits of c. S$5.3m and in respect of the last three calendar months preceding the date of the acquisition, the assets to be acquired generated a turnover of c. US$3.9m and gross profits of c. US$3.4m.*

Following Tribeca's decision to block certain territories, including the US, the entire Tribeca network will cease its operations n six months from the date of the agreement, by which time the migration of the online poker operators to Playtech's platform is planned to be complete.

Playtech expects that synergies between the two companies will lead to significant savings in respect of the additional costs involved in supporting the migrated licensees. Additionally, the Company expects higher revenues to be generated by the ncreased player liquidity, as well as the introduction of Playtech's casino games to the migrated licensees.

The acquisition significantly strengthens Playtech's share of the global online poker gaming market and is in line with the ompany's continued strategy to diversify its portfolio and geographical reach.

*Unaudited Figures provided by Tribeca.

Avigur Zmora, Chief Executive Officer of Playtech, comments:


"This is a landmark deal for Playtech, which in one move, transforms the Company into the world's leading poker network that excludes US players. Tribeca is an outstanding fit for us and the company's licensees are operating, for the most part, in different geographical locations to Playtech's current poker licensees.

"We look forward to welcoming Tribeca's licensees and offering them the best combination of poker knowledge and world leading technology. Both Tribeca and Playtech are committed to a smooth transitional period to ensure that migrating licensees can continue to offer the most attractive poker environment for their players."


Further details of the acquisition

The consideration for the acquisition is calculated according to a formula based on Playtech's earnings from the acquired assets. On the basis that the Company will generate c. US$16m over the coming year from the migration date, the consideration to be paid for Tribeca will be US$75m. The final consideration will be adjusted upon Playtech's realised evenues. The maximum consideration that the Company will be liable to pay is US$139m, which will be paid in the event that the revenue generated from this acquisition exceeds US$29m over the coming year from the migration date.


Playtech will pay the consideration in cash in four instalments. The first is payable upon satisfaction of specific conditions. he second, third and fourth payments are to be made on the 9th, 18th and 24th month intervals, after the date of the agreement, respectively.


- ends -


For further information:


Avigur Zmora, Chief Executive Officer, Playtech Limited

c/o Bell Pottinger Tel: 020 7861 3232

www.playtech.com



David Rydell / Amy Rajendran

Bell Pottinger Corporate & Financial Tel. 020 7861 3232



Notes to Editors


About Tribeca Tables Europe, Limited:

Tribeca Tables Europe, Limited is registered in the Channel Island of Alderney.
Founded in 2001, Tribeca is the world's first online poker room aggregator.
Today, Tribeca Tables is partnered with 10 major gaming companies and supports
over 100 brands with millions of customers.

Tribeca received corporate finance advice from McNamee Lawrence & Co. LLC and
Montrose Partners LLP.


Playtech Limited .........."

Read it CAREFULLY please.