Microgaming Announces Joint Venture with 888 Holdings
Microgaming, the world's largest provider of online gaming software, has announced a joint venture with 888 Holdings plc which, subject to the necessary licence approvals, will deliver a French Poker network that will benefit from a shared pool of player liquidity on a single platform.
This venture will see the combination of Microgaming's world-class software, with 888 Holdings plc first class technological and marketing capabilities to provide a French Poker Network that is aiming to rapidly become established as one of the leading Poker offerings in the French Market.
Gigi Levy, CEO, 888 Holdings plc comments: "This deal marks a turning point in the industry with big networks collaborating in newly regulated markets to create a shared pool of liquidity, benefiting customers and assisting in rapidly generating large poker networks in each market.
"Once we have obtained the required licence and the French market is operational, this represents a strategic opportunity for us. It provides us with the ideal platform to secure a meaningful market share in France which is set to become one of the key poker markets in Europe. This is an important step in the development of the industry, and marks the start of European regulated companies collaborating in the poker field to increase their competitiveness."
Roger Raatgever, CEO, Microgaming comments: "We are delighted to be working with 888 to deliver a poker solution to the French market. We look forward to combining our wealth of experience and knowledge to bring the highest global standards to the local market.
"We are working hard to ensure quick and seamless integration of our software, and are fully committed to the French market, ensuring that we are fully compliant with all French regulatory standards."
