PokerDangal, a unit of Xeta Networks Pvt. Ltd. has acquired XLN Media's flagship online gaming business, Pokermet with more than 10000 registered users and 2000 depositing players for an undisclosed amount.
Apart from acquiring all assets of PokerMet, PokerDangal is also going to settle all player dues of PokerMet. Never before in this industry, has any operator paid out player dues which were stuck in a portal which had ceased operation for various reasons.
PokerMet was struggling with its business operations due to some internal turmoil, hence could not run in a streamlined manner.
Acquiring PokerMet is a testament to PokerDangal's claim as the fastest growing site of poker industry and a sign of things to come in the near future. PokerDangal's vision is to take the game to masses in India while ensuring a safe, reliable and fun ecosystem for the players.
As per the Founders, Varun Mahna and Varun Puri, the acquisition is a statement of intent from the Dangal team. They consider this acquisition as a stepping stone for PokerDangal to establish itself as a leading site in the Indian online Poker domain. They further stated that the team endeavours to continually grow the online poker community.
The founders have promised that all legit payments of any PokerMet player which has been stuck/pending would be taken care of by PokerDangal and all due settlements will be made in a 45 days' time period. Karan Gandhi is personally supervising the entire transition process. The schedule for the payout will be shortly shared by Team Dangal on their social media platforms.
Team Dangal aims to bring the sports mainstream and redefine Poker in India. This is the first of its kind acquisition in the industry and will open the door for further consolidation in the sector.
Disclaimer: No Business Standard Journalist was involved in creation of this content
