Online and mobile gaming developer i3 Interactive Inc. announced that it has finalized the previously announced transaction to acquire a controlling interest in an Indian company which owns an active Indian poker brand, the Indian Poker Operation. The completion of this acquisition marks the latest in the company’s efforts to capitalize on the international growth of poker and creating long-term value for its shareholders.
“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,” Chris Neville, Chief executive officer of the i3 Interactive Inc., said.
“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 additional stream of recurring revenues from a loyal customer base in an established international market for the poker business,” he added.
The Indian Poker Operation is among one of the world’s largest poker networks, with more than a million registrations and 100,000 active users. The Indian Poker Operation operates on an award-winning mobile platform which boasts of industry-leading features such as welcome bonuses and VIP programs.