INDIAN GAMING PLATFORM OCTRO EYES GLOBAL EXPANSION

Indian online gaming company Octro has announced its intention to start international expansion as early as March 2021. 

The company, which currently offers real-money skill-based online games including PlayRummy, Teen Patti, Indian Rummy, Tambola, and Soccer Battles, says it has seen 100% year-on-year growth. 

Discussing plans Chief Marketing Officer of Octro, Manav Sethi, said:

“We have gotten growth on these sides, basically the card and casino side. We have also seen some success on the real money gaming side. So, why don’t we take these IPs (internet protocol) international. 

“That is where our next round of investment in terms of capital, people and time is going into. We have two very clear tracks – build an IP that can go global, and the second track is to take our existing IP globally.”

Sethi also pointed out that despite recent moves to ban online games by several Indian states, including Telangana, Andhra Pradesh, and Tamil Danu, international gaming operators are increasingly targeting Indian consumers with games of chance, like roulette and lotteries, resulting in the Indian government losing out on tax revenue.

AYO.NEWS says:

Considering the huge population of India, it’s not surprising that companies like Octro have found a ready market for their offerings. And, with a huge Indian diaspora globally, already familiar with games like rummy, we’re sure the company will find it relatively easy to establish itself in international markets. 

Staying with the Indian gaming market, at the end of 2020, i3 Interactive Inc, announced further investment exploration in the country, following early market entry success with the acquisition, rebrand, and relaunch of BLITZPOKER. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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