Poker Network Seeks Online Casino Software Acquisition
Excapsa announces plans to add casino gaming to portfolio
Thursday 23rd March 2006
Excapsa have stated that they are looking to buy an online casino software developer to add to its core poker games and will soon launch wireless poker games over mobile phones.
'That was the whole reason for us going public -- to put ourselves in the position of a long-term player, as opposed to somebody who would perhaps be an ideal acquisition candidate,' Chief Executive, Jim Ryan told Reuters.
'Today we're a pure poker play ... so the opportunity for us is to bring casino-style games into the equation and games of skill,' he added. 'What we're looking at right now would be casino software developer-operators ... to have the Excapsa network be more of a one-stop shop.'
In the fourth quarter, Excapsa's number of active players increased to 242,000 from 138,000 a year earlier, while average daily revenues rose 86 percent to $303,000.
