Netplay (NPT) aquires SKY 848 for "live blackjack"
Netplay (NPT) the live TV gaming company today announced that it had acquired Sky Channel 848.
What does this actually mean? It means that in addition to its current roulette offering where punters watch live roulette wheel action on their TVs and bet accordingly, they can now do the same for blackjack. It is hard to see this product as as visually appealing and given the limited number of "spaces" on the screen clearly fewer punters can play. Finally, can card counters get in on the act somehow?
The next question that is naturally thrown up is why Sky 848? Were there no cheaper channels? Why is location on the sky ordering so important and what is the premium for a good number? Because it is next to Sky 847 (obviously)?
One reason is that sky are not issuing new channels so "Hollywood TV" had Netplay over a barrel and the cost has not come cheap - just how expensive we will see in time.
Netplay (NPT) remains one to watch.
Acquisition
NetPlay TV plc
Acquisition of Sky Channel 848 - New product launch
NetPlay TV plc (AIM: NPT), the AIM-listed interactive gaming company, is
pleased to announce the acquisition of Sky Channel 848, from Hollywood TV Ltd,
for the launch of its new product, "Live BlackJack".
NetPlay TV has agreed, subject to Sky Broadcasting approval, to acquire the Sky
channel 848 from Hollywood TV Ltd for the total sum of #475,000. The
consideration is to be satisfied by way of 2,375,000 new NetPlay ordinary shares
at the price of 20p. An application will be made for the admission of the
consideration shares to trading on AIM, admission is expected to be effective
from 12th May
The new channel, which sits next door to the Company's current Sky Channel 847,
will be used for the launch of their new service "Live BlackJack". The new
service, a first for UK gamers, will be launched before the end of May.
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