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Stride Gaming acquires majority stake in Indian rummy operator

21st November 2017 10:05 am GMT

London-listed Stride Gaming has moved into the Indian skill gaming market with a deal to acquire a 51 per cent stake in rummy-focused operator Passion Gaming.

The operator has paid US$3.75m for the stake, noting that the deal fits with its long-term strategy of expanding into new growth markets and diversifying its iGaming product portfolio.

Stride has an option in place to acquire the remaining 49 per cent of Passion Gaming from its existing shareholders. It can [...]

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