Interactive Games Technologies (CSE: BETS) this morning released a corporate update, which included certain management changes undertaken by the company. Also released was an update on the current growth being exhibited by the firms assets in India.
With respect to the firms corporate update, the company this morning announced that Chris Neville will no longer be serving as the firms chief executive officer, with no further data on the resignation being provided. Taking Neville’s place on an interim basis will be that of Troy Grant, a current board member of the firm.
The company this morning also announced that it is reviewing is strategic direction and reviewing strategic alternatives for its assets located outside of India. Furthermore, the firm this morning reaffirmed its commitment to focusing its efforts and resources on the Indian gaming industry.
Sponsored · Silver47 Exploration Inc.
Finally, BLITZPOOLS, the firms recently acquired skills-based fantasy gaming platform in India, has seen substantial growth. Following the update on March 23 wherein the company had identified it had received 150,000 new registrations in the month, that figure has now doubled to over 300,000, a significant increase from the firms original target of 250,000. The continued growth from the platform follows a robust influencer marketing campaign.
Interactive Games Technologies last traded at $0.57 on the CSE.
FULL DISCLOSURE: i3 Interactive is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover i3 Interactive on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
