Today one can read on entractions website that Casagaming Ltd, that owns the poker sites 24hpoker and martinspoker on the entraction poker network has signed a Letter of Intent to sell the operations of both their sites.
The letter of intent includes that iGame Ltd acquires Casagaming Ltd's assets (domains, customer registry and brands). The value of the assets are 4.5 million euro, of which Entraction's share is 2,565,000 euro.
"The selling of the gaming operations is a milestone for Entraction and enables us to focus 100% on our supplier operation. In a time when many of our competitors does the opposite and start to mix the roles of operator and supplier, Entraction's focus makes us both more attractive to new partners and more transparent to investors. I am certain that iGame Ltd will continue to successfully operate the sites in our network", says Peter Åström, CEO Entraction.
Entraction Holding AB is a Swedish-registered gaming group that develops proprietary software systems for online gaming through its subsidiaries and operates one of the world's largest poker networks. The poker network is operated by subsidiaries on Malta that are licensed to market and conduct their own gaming activities and to deliver gaming services to partners in the poker network.