Poker rooms are always on the hunt for new markets and one of the lucrative markets that are being eyed at is in India.
Here the start up ventures is being valued at over hundred million, which makes it a promising destination for several online poker companies. There are several startup companies that are slowly putting a foothold in the country and they estimate revenues around $110-120 million.
The startup companies that have started to make their presence felt is Spartan Poker, Poker-Baazi and Adda52. These companies have been operating for some time in this market and make five crore rupees on an average as annual returns. This is as per Economic Times publication in the country. The startup companies as a result have gone up in their valuations as well. Recently the founder of Spartan Poker was in the news and the co-founder as well asserted that the model that they follow is working as they are seeing a rise in revenue growth over the years. As per their feedback, the online poker rooms work well here as it cuts down the setup costs as is involved in setting up any establishment.