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#1
01-08-2007, 06:02 PM
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*** Parbet Moving to Cryptologic ***
Just received this....
As background, Parbet had been on Prima for a while and then moved to Tain. Recent spculation was that they would be on the Tribeca network due to the merger.... However it now seems that they are going to be part of Cryptologic... Regards RakeTheRake [ QUOTE ] Dear Customer, We are happy to announce that we will be moving PARBET.com to the CryptoLogic Network on the 15th of January. This is great news for all PARBET.com poker players as CryptoLogic has a leading product with high liquidity, large tournament range and innovative new functions and features. We are confident that you will appreciate the move and the resulting changes to the New PARBET. We are preparing some handsome launch promotions, which you will find in your email box later this week -- Look for this!! Practical issues: The Old PARBET.com will be live through January 15th at 4am CET. The New PARBET.com will be live on January 15th at 9am CET. You will receive TWO very important emails between now and 15th of January. January 8-10-- you will receive an email containing information on how to access your new PARBET account on the 15th. January 10-12 -- you will receive an email containing information on your New PARBET Launch Promotions. Important! All your Poker money on our current site will be moved by Parbet.com to your poker account on our New site safely and securely. The money will be available immediately upon the migration. If all of your money in our current cashier is in your Poker Account, You don’t need to do anything! (NOTE -- If you have money in Casino or Betting Exchange, you will need to move those funds over to Poker in order to have them transferred. If you would like to withdrawal them after the 15th of January you can still use the same withdrawals methods accessing the old site through a link on Parbet.com. However, you cannot deposit more money and place any more bets on the Betting Exchange, Casino and Live Casino. The New PARBET: - More players at the poker tables. TRIPLE the real money players at the tables! - Higher liquidity in tournaments! - Large number of daily Guaranteed Tournaments! - Monthly Leaderboard Promotions! - Large Land-Based qualification offering! - Players from all over the world, except US customers! - You will find action from .15/.25 NL to 600/1200 Limit in three different currencies! The CryptoLogic Network is recognized not only as the Largest Poker Network that does not accept US Bets, but also for its superb poker experience and as one of the most technically stable poker platforms on the market. Best Regards Parbet.com [/ QUOTE ] 
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#2
01-08-2007, 08:43 PM
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Re: *** Parbet Moving to Cryptologic ***
And this was just sent specifically to Rakeback players at Parbet...
Regards RakeTheRake [ QUOTE ] Dear Customer, Your Rakeback Plan Will Remain in Effect! If you haven’t heard it already, we are very happy to inform you that PARBET.com will change to the CryptoLogic Poker Network on the 15th of January! The purpose of this e-mail is to ensure you that we will continue to give you rakeback under the same terms and conditions as before. Practical information Between the 15th and the 25th January you may not be able to see your daily rakeback update in our Rakeback Affiliate program (rakeback.parbet.com), due to technical maintenance. Your rake back for December 2006 will be paid to your new PARBET account on or about January 19th. As normal, we will pay out January’s rakeback, for all the 31 days (covering your play on the old and the new Parbet.com for January), before the tenth of February. Read more about our fantastic Launch Promotion and the network change at parbet.com The New Parbet : - More players at the poker etc... etc... etc... Best Regards Parbet.com [/ QUOTE ]
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#3
01-08-2007, 09:00 PM
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Re: *** Parbet Moving to Cryptologic ***
as a crypto player (read as bonus ho'in nit [img]/images/graemlins/blush.gif[/img]) who is getting increasingly fed up with the nits, what kinda player base do Parbet have and will they add anything to the cryptos?
in your humble opinion of course - i wont hold you to your word on it [img]/images/graemlins/cool.gif[/img]
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#4
01-08-2007, 09:32 PM
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Re: *** Parbet Moving to Cryptologic ***
[ QUOTE ]
as a crypto player (read as bonus ho'in nit [img]/images/graemlins/blush.gif[/img]) who is getting increasingly fed up with the nits, what kinda player base do Parbet have and will they add anything to the cryptos? in your humble opinion of course - i wont hold you to your word on it [img]/images/graemlins/cool.gif[/img] [/ QUOTE ] I'm with you on that. Horrible tables there now. The real mystery to me is why the squishy soft FRLH GBP tables have all dried up since the US was banned. The GBP tables were mostly Euros...did they leave with the Yanks? Here's hoping Parbet brings some new blood, but being from the Tain network, I'm not holding my breath...
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#5
01-08-2007, 10:08 PM
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Re: *** Parbet Moving to Cryptologic ***
As we understand it, there are a few new skins due at Cryptologic in the coming months. Another Dusk Till Dawn also...
Parbet bring a lot of European predominantly Scandinavian money to the tables. Prior to their move to Tain the site was incredibly popular and active....we all know what happened then. DuskTD aims to introduce a lot of live players (we believe) We believe there are other sites due to sign up as well. That's all we have Kind regards RakeTheRake
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#6
01-09-2007, 01:45 PM
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Re: *** Parbet Moving to Cryptologic ***
This is kinda odd. As I understood it Tain was sepposed to merge with Tribeca and then tribeca merge with iPoker network. What will happen to expekt (same owners as parbet)?
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#7
01-09-2007, 04:14 PM
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Re: *** Parbet Moving to Cryptologic ***
More than just a move....
CryptoLogic Announces Purchase and License of Parbet Poker Brand and Related Assets Tuesday January 9, 6:00 am ET Acquisition expected to enhance poker room liquidity in key Scandinavian markets TORONTO, ONTARIO--(MARKET WIRE)--Jan 9, 2007 -- CryptoLogic Inc. (TSX:CRY.TO)(NASDAQ:CRYP)(London:CRP.L), a leading software developer to the global Internet gaming industry, through its wholly-owned WagerLogic subsidiary, has signed an agreement to purchase the poker brand and related assets of Parbet.com, a popular Scandinavian online poker room. CryptoLogic companies will license the Parbet assets, poker software, payment processing services, multi-lingual customer support and services to a private Maltese online gaming company that will operate Parbet.com. The agreement is subject to certain closing conditions. The purchase agreement includes all rights to the Parbet brand name, associated domain names such as Parbet.com, customer lists, databases and players' cash on deposit. Under the agreement, WagerLogic will pay EUR9 million for the brand and assets, and potentially additional amounts up to a maximum amount of EUR4 million, contingent on improved performance of the assets over a six-month earn-out period. The Parbet assets currently generate approximately US$7 million in revenue annually. CryptoLogic expects the licensing arrangement to add approximately US$2 million to 2007 earnings. "We have advanced several key strategies today," said Lewis Rose, CryptoLogic's President and CEO. "First, we have invested a small portion of our significant cash balance to immediately increase return to shareholders. Second, we have built on our acknowledged strength in the European poker market. Third, we have advanced our strategy to own or control strategic brands in order to increase their success and earn greater returns. And we still have more than ample resources to take advantage of additional strategic opportunities in the future." This purchase extends the company's brand ownership and management strategy, which it has used very successfully with the award-winning InterCasino and InterPoker brands and related brands, such as ExtremePoker. Under this strategy, WagerLogic owns or controls key brands that it licenses to third party operators, along with its full suite of online gaming software, network services, and marketing support services, in order to generate higher revenue to WagerLogic. Subject to certain closing conditions, the agreements are expected to be completed by January 15, 2007, at which point Parbet players will be transitioned to the WagerLogic poker network and begin enjoying its benefits immediately. "This is a very exciting development for Parbet players," stated Andy Goetsch, CryptoLogic's Vice President, Poker Software Development. "They will now enjoy a poker network with triple the liquidity, attractive room-wide incentives and a platform that is one of the most stable in the industry. All WagerLogic licensees and their players will benefit from the increased liquidity which Parbet, and all new licensees, add to the network." "We continue to demonstrate our commitment to be at the forefront of the next wave of poker growth in Europe," said AJ Slivinski, WagerLogic's Managing Director. "In December we launched two new poker sites. In mid-January, we will launch three more poker sites: Parbet, Betsafe and Playboy Poker."
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#8
01-09-2007, 04:49 PM
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Re: *** Parbet Moving to Cryptologic ***
[ QUOTE ]
This is kinda odd. As I understood it Tain was sepposed to merge with Tribeca and then tribeca merge with iPoker network. What will happen to expekt (same owners as parbet)? [/ QUOTE ] Not all the Tain and Tribeca skin owners were thrilled with this move. Eurolinx is going to Prima and expect others to go elsewhere.
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#9
01-09-2007, 05:11 PM
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Re: *** Parbet Moving to Cryptologic ***
Do you know what will happen to Doyles room? I know it is not in the "deal" with iPoker, do you think they will break out their subnetwork of tribeca called "doyle brunson poker network" to a real indipendent network or merge that subnet to another network?
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