The company behind poker website Hippo52 has announced its merger with PokerHigh, a move that they believe would help the two companies face larger competitors more effectively, Glaws reports.
Hippo52 is owned by Delhi-based Ultimate Gaming Technologies Pvt. Ltd, which has merged with Quatumskill Gaming and Tech Pvt. Ltd.
While the details of the merger deal have not been shared publicly, it is understood the deal will involve the transfer of 1,400 users of Hippo52 and their player balances to PokerHigh.
Commenting on the merger, Mithun Rebello, founder and Managing Director of PokerHigh said, “Having been in the game from the early days, we’ve always believed that consolidation would be a natural next step for the industry in the years to come, and we saw this as a great opportunity to further cement our position in the market. Having collaborated with Hippo52 during multiple events in the past, we are now excited to work together as one unit with their combined expertise in offline poker and community engagement.
Sumit Khurana, the founder of Hippo52, who will now be heading the offline events division of PokerHigh added, “We have been watching the growth of online poker in India for some years now, and with this move we wish to offer even better experiences to our combined patrons and to set the ball rolling in our endeavor of making poker reach its true potential in India. PokerHigh has been known as one of the most fun brands out there for over 3 years now, and we are truly excited to be working together with them. The idea will be to focus on bringing recreational poker players into the main fold, through specially curated poker experiences at exotic destinations across the globe. These expeditions will be multi-dimensional and will blend poker with other unique experiences.”