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Publishers clearing house has a new owner in arb interactive, a miamibased online sweepstakes gaming company best known for its modo casino, Online social gaming company arb interactive acquired publishers clearing house pch in an auction after the directtoconsumer promotions company filed for bankruptcy. Online sweepstakes casino operator arb interactive has purchased publishers clearing house in a bankruptcy auction for a price of just over $7 million. The publishers clearing house sweepstakes is real, but contestants who were supposed to receive $5,000 a week in perpetuity will no longer receive those payments after pch filed for bankruptcy.
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