The Bodog Poker Network has been sold to Bodog88, which will take over both the brand and the software as a result of the sale. Current CEO of the Bodog Poker Network, Patrick Selin, has also announced his resignation.
The Bodog Poker Network has agreed to the acquisition of its brand and software by sister company Bodog88, according to several industry reports.
Bodog88 was launched earlier this year by Bodog founder Calvin Ayre to target the quickly emerging Asian gambling market. The launch of the company came shortly after Bodog and Ayre were indicted for illegal sports betting and online gambling operations by the United States Department of Justice in February.
While the Bodog Poker Network has faced increasing heat over the indictments, Bodog88 has continued to expand and will now take over the operations of the Bodog Poker brand.
The Morris Mohawk Gaming Group, which owns the rights to the Bodog brand in the U.S. will however continue to offer the same services as before under its U.S. facing Bovada brand.
In addition to the sale, the current CEO of the Bodog Poker Network, Patrick Selin, has also announced his resignation.
Selin joined Bodog in 2010 and was instrumental in helping the company work towards the launch of the so-called Recreational Player Model, which was designed to attract casual players while leaving behind the sharks.
The model included anonymous tables and blockage of data-mining services, positioning the Bodog Poker Network as the favorite network for many hobby players over the past year.
Bodog founder Calvin Ayre has not yet commented on the recent developments within the company.