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Rumors of Online Casino Sale

The online casino gambling industry is buzzing this week with speculation about the possible sale of two major sites/businesses within the industry. The Gaming Media Group is a relatively well established company within the market, the Group was founded and owned by some of the more illustrious names in the gambling industry who have created a gambling group producing solid and innovative new products for the dynamic gambling industry. This includes online casinos and even a profitable Poker Channel. In fact, it’s these very two assets that may be up for sale in the near future according to a UK newspaper, the Telegraph.

According to the Telegraph, Gaming Media Group has hired an outside company, the Cavendish Corporate Finance company to come into the group and advice the online casino gambling group on possible options for the future of both Poker Heaven and Poker Channel. These are two of the signature products from Gaming Media Group but yet could go up for sale if the prospects look really profitable and sound. Both of the online casino gaming group’s interests are currently doing quite well on their own and that is precisely the reason they might go up for sale – because they are strong sites with viable niche markets and dynamic products that would nicely expand the portfolio of larger gaming groups.

The Telegraph has speculated that major online casino gambling groups such as 888, Ladbrokes, Paddy Power, and others would definitely be interested in acquiring these interests if the Gaming Media Group decides to sell.