I3 Interactive Completes Acquisition Of Indian Poker Operator ★ ⚡️120% At First Deposit ⚡️ 250 Freespin ⚡️
have merged into a single company that operates as a subsidiary of i3 Interactive under the name i3 India Holdings Corp. i3 Interactive CEO Chris Neville will lead the combined business as sole director and executive.
i3 India Holdings currently holds a 99.4% stake in the Indian company, but this will be reduced following the reorganization of the business under the original agreement.
i3 India Holdings' ownership in the Indian company will be reduced to 86.1% and, if the Indian company meets its financial obligations, the company's ownership in the operating company will be reduced to 64.6%.
More details about the online poker brand were not disclosed, but it was revealed that the operator has over 1 million accounts and 100,000 active users. The brand is active worldwide and has users in several countries.
BC Corp. and Subco have merged into a single company that operates as a subsidiary of i3 Interactive under the name i3 India Holdings Corp. i3 Interactive CEO Chris Neville will lead the combined business as sole director and executive.
The industrial supplier i3 Interactive has completed the acquisition of a majority stake in an unnamed Indian company that owns and operates the country's online poker brand. First announced in August, the deal was completed by three entities, including the privately held British Columbia Corporation (BC Corp.) and a subsidiary of the Canadian company (Subco), along with i3.
"Given the historical and projected growth of poker in India, i3 Interactive has strategically positioned itself in a key market to deliver strong performance and shareholder value returns."
"This acquisition is a significant step in our strategy to identify and continue to grow in strategic markets. Indian Poker creates an additional recurring revenue stream from loyal customers in an established international poker market."