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Empire cashes in on poker
Published: 2005-06-16
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Thursday, 16th June 2005
Empire cashes in on poker
AN Internet gambling firm is the latest to cash in on the popularity of online poker when its shares began trading on the London stock market.
Empire Online floated on the Alternative Investment Market with a value of £512.4m, but immediately saw its shares rise from their opening price of 175p to 181.5p.
The group makes its money by directing players to poker and casino websites such as Party Poker. These companies receive all the gambling revenues and pay Empire a marketing fee for attracting business.
Empire has a deal to market websites for a subsidiary of online poker giant Party Gaming, which today announced details of its forthcoming flotation.
Poker accounts for around two-thirds of Empire's business while casino makes up for the remaining third.
The placing raised £123.5m.
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Ex-tennis star Kafelnikov cashing in on poker
Published: 2005-06-21
 Ex-tennis star Kafelnikov cashing in on poker
Tribune wires
Published June 21, 2005
Yevgeny Kafelnikov, who was cleared of attempting to fix a match after an investigation by the ATP Tour in 2003, quit tennis last year to become a professional poker player, hiring fellow Russian Kirill Gerasimov, professional poker's Rookie of the Year in 2002, to mentor him. Looks like it worked. Kafelnikov won the Russian Poker Championships last fall in Moscow, and earlier this month the 31-year-old won $10,745 and finished ninth in the World Series of Poker's Seven-Card Stud tournament--just one spot out of making the final table. Gerasimov finished second. Kafelnikov went all-in with about $30,000 in chips and was eliminated by Abe Almalhi when his flush was beaten by Almalhi's river full house, according to cardplayer.com. In an interview with The Independent about his move from tennis to poker, Kafelnikov said: "The most important thing was not to disappoint my fans. It is very hard to earn a good image in Russia. Once you do, you're a hero. . . . So when people on the street in Moscow ask why I stopped playing, I say, `Because I don't want to see you people crying when I lose.' They understand that."
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