POKERSTARS LAUNCH IN INDIA DELAYED

 PokerStars launch in India delayed

The world’s biggest poker website, PokerStars, has decided to delay its plans to launch an Indian website by at least one or two quarters. As per to remarks made by Amaya Group CEO Rafi Ashkenazi, the company plans to launch its India operations by Quarter 3 or Quarter 4 of 2017 the latest. It is interesting to see how people who play poker in India will react to this news.

Ashkenazi further added that the company views the Indian market positively but he does not expect India to contribute majorly to the Group’s revenues in the 2017 financial year.

In November however, Ashkenazi indicated that Amaya Group was planning to launch its India operations by the second quarter of 2017. He also added that the company was in discussion with local partners in India for collaboration.

Ashkenazi’s latest remarks suggest that there has been a delay of at least one or two quarters from PokerStars’ original target of launching by mid-2017.

It is being learnt that Pokerstars is still scouting for local operations and has not signed any joint venture or collaboration agreement with any local partner. However, it is understood that Pokerstars is in advanced stages of talks with a couple of leading Indian gaming companies for a possible joint collaboration.

The Amaya Group on Friday declared that its revenues stood at US$317.3 million for the first quarter of 2017, which was roughly a 10% year-on-year increase. Amaya has also decided to change its corporate name to ‘The Stars Group Inc.’ and shift its corporate headquarters from Montreal to Toronto to ‘more efficiently manage its business and affairs’.