|Playtech has today confirmed that it has agreed to acquire certain assets and undertaking of Tribeca Tables Europe, subject to conditions.|
Tribeca is a software designer that provides a poker network solution to a number of online poker operators such as VCPoker, PaddyPower Poker and Blue Square Poker. In addition to software development, Tribeca also specialises in e-marketing and the development of online poker communities.
Following Tribeca's decision to block certain territories, including the US, the entire Tribeca network will cease its operations in six months from the date of the agreement, by which time the migration of the online poker operators to Playtech's platform is planned to be complete.
'This is a landmark deal for Playtech, which in one move, transforms the Company into the world's leading poker network that excludes US players,” said Avigur Zmora, Playtech CEO. “Tribeca is an outstanding fit for us and the company's licensees are operating, for the most part, in different geographical locations to Playtech's current poker licensees.”