Online Casino

[Anonymous]

CryptoLogic has inked a deal to buy Scandinavian online poker room Parbet.com.

The Canadian based gaming company announced today that it’s subsidiary WagerLogic will pay 9 million Euros for the ParBet brand and assets and contingent on business performance an amount of up to 4 million Euros will be paid over a six-month earn-out period.

A privately held Maltese gaming company will operate Parbet.com. under a licensing agreement.

Parbet reported $7 million in annual revenue, and CryptoLogic forecasts the licensing arrangement to add some $2 million to its 2007 earnings.

The deal is expected to be finalized by the 15th of January.

[NetPal]

One things, I think have 9 milion $ but

you think that you tube value about 1 000 milion $.

(it is ironic : there is a website of gambling ( society ) that value more 1000 $……..

[Author]

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