IGT is to close the Entraction poker network that it bought last year.
A plummet in liquidity at Entraction is being blamed for the closure - due to take place in December - and the online poker product is to be integrated with IGT’s overall platform offerings.
An IGT spokesperson said: “As part of our regular business process, we have been evaluating our resources, products and markets from a commercial and compliance perspective. As a result, we are consolidating our product development, allowing us to combine a number of locations and focus on the most attractive opportunities.
“We remain focused on our interactive casino/slot offering, which has experienced steady growth; as well as our successful social gaming offering with DoubleDown Casino and look to integrate the Entraction products into our overall set of platform offerings.
“Change and uncertainty in European market conditions have diminished the expected returns in certain real money wagering products. As a result, we are consolidating our product development. We are maintaining our options for future changes in market opportunities. This decision is purely focused on our European dotcom business and does not impact future decisions regarding entry into new markets as regulation, taxation and commercial opportunities arise.”
