Patrik Selin
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Patrik Selin | |
|---|---|
| Born | Patrik Selin February 3, 1965 |
| Nationality | Swedish |
| Occupation(s) | CEO, Bodog UK, owner of Bodog Network |
Patrik Selin (born February 3, 1965 in Ljungarum, Sweden) is the Chief Executive Officer of Bodog UK, an online gaming and entertainment website.
Online Poker - The Early Years
Following a period of senior management in the internet banking sector in the late 1990s Patrik Selin assumed the helm as President & CEO of the Ongame network, later selling it to bwin for €500 million.[1] At the time of Selin's appointment as CEO in 2004, Ongame was a small poker operator focusing on the US, but during his leadership it evolved into a major poker network.
In 2005, Ongame was anointed "IT Company of the Year" by Sweden's business magazine Veckans Affärer,[2] beating out such powerhouses as Ericsson, Apple Inc., Vodafone and Microsoft for the top spot. In the same year, Selin helped orchestrate the sale of Ongame to the Austrian, publicly-traded Bwin (then BETandWIN.com Interactive Entertainment AG), a transaction which was completed in early 2006.[3]
The purchase consideration was based on a contractually-agreed valuation multiple of 5.37 of Ongame’s 2005 net revenues, an amount exceeding 475,000,000 euros (40% of which would be payable as betandwin stock). Ongame remains the fourth-largest poker network in the world [4] and the sale of Ongame to bwin at the apex of Ongame’s success remains one of the largest M&A transactions in igaming’s history.
Following the sale of Ongame in 2006, Selin assumed the position of CEO at Gnuf.com, another online gambling website.[5]
Bodog
In September 2009,[6] Selin announced that he had acquired the rights to source code of the "Bodog" poker product. Selin further secured the rights from the BodogBrand.com licensing enterprise to market the new poker network worldwide under the "Bodog" brand.[7]
In June 2010, Selin became the CEO of Bodog UK, the first holder of the newly created UK licence. Bodog UK offers online sports betting and casino offering.[8]
Personal life
Selin resides in London, England with his wife.
Selin finished in first place in the Ritz Club Poker Tournament in 2006, pocketing £22,000 and a first-class trip and entry into the World Series of Poker (WSOP); he finished in the money at the main event, banking an additional $26,000. In 2007, he was runner-up in the National Poker League tournament held in London, England.[9] He also plays online under the nickname "Silent Selin".[10]
References
- ^ "10 Greatest Deals". James Benett & Stephen Carter. Retrieved 2010-08-11.
- ^ "Poker på nätet har exploderat och Ongame som leverar både spel och system sitter med trumf på handen" (PDF). Veckans Affärer. Retrieved 2010-06-04.
- ^ "Betandwin.Com to Acquire Ongame e-Solutions AB". Globeinvestor.com. 2006-02-04. Retrieved 2010-06-03.
- ^ "Online Poker Traffic Rankings & News". PokerScout. 2007-01-01. Retrieved 2010-06-03.
{{cite web}}: Text "Poker Sites & Networks" ignored (help) - ^ Spelkung gör comeback, realtid.se 2008-01-03 Template:Sv icon
- ^ "Bodog Network Launched Featuring Former Ongame Executive". Pokernewsdaily.com. 2009-09-14. Retrieved 2010-06-03.
- ^ "Patrik Selin Reveals Plans for Bodog Network". Pokernewsdaily.com. Retrieved 2010-06-03.
- ^ https://secure.gamblingcommission.gov.uk/gccustomweb/PublicRegister/PRAccountDetails.aspx?accountNo=29023
- ^ the Hendon Mob (2008-07-10). "Patrik Selin - Poker Stats". Ful Tilt Poker Post.
- ^ 11:09AM 10 DEC 2009 (2009-12-10). "Patrik Selin - Poker News". Racing Post. Retrieved 2010-06-03.
{{cite web}}: CS1 maint: numeric names: authors list (link)