Entraction, the online poker network acquired by International Game Technology in May worth the massive amount of $115million would be closed by the year end. The fact has been confirmed by IGT that attributes the closure to poor returns and mass departure of the major skins. This unfortunate shutting down of doors of Entraction can be seen as the financial difficulties for its smooth functioning with the old business model and 48 skins at IGT, the company engaged in mass public trading finding it difficult to penetrate Nevada markets. Leaving Entraction could facilitate utilization of money for social gaming concern DoubleDown Casino, the high expensive acquisition much dependent upon social gaming.
Many major skins like iGame.com, Pokerihuone.com and 24th Poker owned by iGame Malta have since departed and jumped with NOIQ and PointPoker & have also informed the clients through mails about their switching over to the new network. It has occurred after a period of one year when the network had disassociated itself from Norway, Turkey, Israel, Belgium, Russia and amazingly in Canada too for the groundwork to attack on the probable U.S. bazaar.
The closure of the poker network by IGT may reflect about Shuffle Master’s position in case they had gone ahead to take Ongame from bwin.party in the beginning of this year.
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