ONLINE POKER MAJORS TO MERGE

(671) (10-October-2006)

Scandinavian advantages flow from new deal

Online poker networks Tribeca Tables and Tain have merged, with all Tain poker players and brands, including all Expekt poker customers, migrating to the Tribeca platform according to a company statement today.
 
The agreement is for the poker sites only, with Tain's parent company Expekt continuing to operate its European-focused sportsbook and casino platforms.

Steve Cook , European managing director at Tribeca, said: We have been working for some time to reach into the lucrative Scandinavian poker markets. Signing with Tain and bringing on board Expekt.com has allowed Tribeca to take a firm foothold in those countries. We are very pleased to complete a significant deal with Tain.

Tain's biggest sites are Expekt and Parbet , they will join the Tribeca network, which includes among others Paddy Power, Golden Palace and Victor Chandler.

Tribeca said Tain's poker partners would now be able to take advantage of the higher liquidity that both companies consider as the single most important component to offer long term competitive online poker.

Erik Ahlberg , chief executive of Tain, said: This manifests a natural next step in our effort of building a world class poker offering. We will now be able to welcome our customers into one of the strongest networks in the world, positioned to lead the coming phase of consolidation.