Yesterday saw the announcement that Mangas Gaming, which owns Bet-Clic, Expekt and Bet at home had reached agreement to buy 60% of GigaMedia, which owns the Everest poker platform. Mangas is paying $100m for the 60% stake in GigaMedia, with an option to buy the remaining 40% in either 2013 or 2015.

So what does this mean for punters out there? It is difficult to see if there will be any short term impact, but one would expect a merger of the Expekt and Everest players to a single platform, which would improve liquidity making for a more attractive platform in the medium term.

Consolidation has increased in the online sector this year, and more deals are likely. One thing is for sure – it looks like the larger players will continue to get bigger!

Tags: Everest, Expekt, Gigamedia, Mangas Gaming, online poker

This entry was posted on Thursday, December 17th, 2009 at 1:21 am and is filed under Industry Watch, Poker Pundit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.