Patrik Selin
Encyclopedia
Patrik Selin is the Chief Executive Officer
of Bodog UK
, an online gaming and entertainment website.
500 million. 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, 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.
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 and the sale of Ongame to bwin at the apex of Ongame’s success remains the largest financial M&A transaction in igaming’s history.
Following the sale of Ongame in 2006, Selin assumed the position of CEO at Gnuf.com, another online gambling website.
" poker product. Selin further secured the rights from the BodogBrand.com licensing enterprise to market the new poker network worldwide under the "Bodog" brand.
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.
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. He also plays online under the nickname "Silent Selin".
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Bodog UK
Bodog
Bodog is an online entertainment brand launched in 1994 by Calvin Ayre.Originally the company traded at but the brand was later divested and intellectual property rights were assigned to and consolidated in BodogBrand.com...
, an online gaming and entertainment website.
Ongame
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 €Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
500 million. 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, beating out such powerhouses as Ericsson
Ericsson
Ericsson , one of Sweden's largest companies, is a provider of telecommunication and data communication systems, and related services, covering a range of technologies, including especially mobile networks...
, Apple Inc., Vodafone
Vodafone
Vodafone Group Plc is a global telecommunications company headquartered in London, United Kingdom. It is the world's largest mobile telecommunications company measured by revenues and the world's second-largest measured by subscribers , with around 341 million proportionate subscribers as of...
and Microsoft
Microsoft
Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...
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.
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 and the sale of Ongame to bwin at the apex of Ongame’s success remains the largest financial M&A transaction in igaming’s history.
Following the sale of Ongame in 2006, Selin assumed the position of CEO at Gnuf.com, another online gambling website.
Bodog
In September 2009, Selin announced that he had acquired the rights to source code of the "BodogBodog
Bodog is an online entertainment brand launched in 1994 by Calvin Ayre.Originally the company traded at but the brand was later divested and intellectual property rights were assigned to and consolidated in BodogBrand.com...
" poker product. Selin further secured the rights from the BodogBrand.com licensing enterprise to market the new poker network worldwide under the "Bodog" brand.
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.
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
World Series of Poker
The World Series of Poker is a world-renowned series of poker tournaments held annually in Las Vegas and, since 2005, sponsored by Harrah's Entertainment...
(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. He also plays online under the nickname "Silent Selin".