Better prospects with new listing
Swedish-based online poker firm 5050 Poker Holding AB, which owns and manages online gambling companies oriented towards the Balkans, Netherlands and Germany, announced that it will be listed on Sweden's Nasdaq OMX First North market from next week.
In the move which is expected to improve its business prospects, the Company will put up 50 percent of its shares over a two-year period.
Recently, the company clinched a major exclusive deal in the Montenegrin online gambling market through a contract with MonteStars and Avala Casino. On that occasion it has announced that its current offering will be enlarged to include sports betting by the end of the year.
According to Patrick Sjögren, chief executive officer, 5050 Poker: "It is an exciting time for 5050 Poker at the moment, our 5050 team has great success in tournament play, our offer when it comes to Poker and Casino is under constant improvement and our player base is growing. We anticipate that the attention that a listing will provide increased interest in playing with 5050 Poker."
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