Las Vegas From Home.com Entertainment has announced the sale of its Action Poker Network business to a wholly owned subsidiary of Playsafe Holding AS, a public company listed in Norway.
Following the sale, which includes all of the brands, the operating infrastructure and the software necessary to run the Action Poker Network, LVFH will no longer have any online gaming interests in the North American market and according to its CEO Jake Kalpakian, it will focus on its Asian Multiplayer Software Platform.
“We have been building our unique AMSP for the past 12 months and as a result, are well positioned to license our software in the Asian region. Not only has the AMSP recently been soft launched in that marketplace, we have been receiving a tremendous amount of interest for this particular product from prospective licensees. We believe our unique Software should enable us to capitalize on niche or nascent market opportunities in that region. This direction of building specialized products to serve niche markets will be the Company\’s course of action for the future and we expect to be announcing several promising initiatives in this regard,” said Kalpakian.
Calculators
