TORONTO: Canadian online and mobile gaming platform i3 Interactive Inc. has closed a previously announced transaction to acquire a controlling interest in Indian online poker brand “Indian Poker Operation”.
The completion of the transaction, financial details of which were not disclosed, marks the latest step in the company’s continued efforts to capitalize on the international growth of poker and create long-term value for its shareholders.
i3 Interactive chief executive officer Chris Neville said: “We are thrilled to have completed this transaction. With the historical and projected growth of poker in India the company has strategically positioned itself within a key market in order to deliver strong performance and return on shareholder value. This acquisition is a significant step forward in executing on our strategy to identify and pursue growth in strategic markets. The Indian Poker Operation creates an immediate additional stream of recurring revenues from a loyal customer base in an established international market for the poker business.”
The Indian Poker Operation, which operates on a mobile platform, currently has over a million registrations and 100,000 active users.
