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AsianLogic takes over Key Eastren Tours

Asian Logic which has been recently included in London AIM and Playtech as an associate, they have together made a major Asian tournament coup with an acquisition of growing Korean Professional Poker Tour and Asian Poker Tour. This online gaming company is Asian based which is seeking to be included in London listing. The land based company and online company of Asia-Pacific stated that it has done a contract with Capital Events which is a Singapore based company and will be taking over APT.

Capital Events is the main investor with APT and mainly responsible for holding major events in Singapore. With Korean Professional Poker Tour which is a shareholder joining hands APT had made its position stronger in Asia. The online and the land-based tournaments of APT will be managed by AsianLogic and will be having full control on the brand and URLs of APT. This will allow to have an access to widespread database of the players of APT and in return will be diverting the online traffic to the AsianLogic poker websites. APT making use of Playtech software will be launching online play for fun and play for real poker.

Mr. Parker who is the Chief Executive Officer of AsianLogic said that this IPO is proof of the effective planning for enhancing the reach of the users and the improving the market position of AsianLogic in Asia-Pacific. The talk was going for so long with APT as they are having a strong presence in the Asian countries. The year of 2008 will witness four tournaments from the land and online players. Efforts were being made with Korean Professional Poker Tour and improving the team. It also provides with some advantage at Korea and it is also one of the major poker communities in Asia.

APT tournament will be one of its kind tournaments taking place in Asia and every single event is offering one million American dollars. As for other features of the tournament those will be offered to the players with the sponsors. It will be a part of APT and it will be very attractive and the success of the tour is also assured.

Gaming Consultants and Global Betting made a prediction that the market for Asian Poker will grow by more than twenty percent in the next four years. Macau Government in a recent statement said that casino holders will be issued allowance of personal games and poker tournaments of Texas Hold’em in China’s Special Administrative Region.

Mr. Kim who is the Chief Executive Officer of Korean Professional Poker said that AsianLogic is the market leader in Asia and was quite pleased with APT plan and their approach towards the game in Asia for both online and land-based. Miss Wee who is Director of Capital Events also said that after the success of Asian Poker Tour in Singapore she is quite happy with the partnership with Capital Events, AsialLogic, and Korean Professional Poker Tour for bringing more online poker in the Asian areas. This corporation will take the poker to newer heights in the Asian countries.