Toronto, Ontario–March 29, 2021 – Interactive Games Technologies Inc. (CSE: BETS) (FSE: F0O) (OTCQB: BLITF) (IGT.BET) (“Interactive Games Technologies Inc” or the “Company“) – is pleased to share that its recently acquired skill-based fantasy gaming product, BLITZPOOLS, continues to exceed expectations.
Since the official launch March 8th BLITZPOOLS has already acquired over 300,000 new players. The robust influencer led marketing campaign that is leveraging cricket and Bollywood ambassadors with a collective social media following over 215 million is clearly working!
There continues to be validation of IGT.BET’s investment strategy in India. Dream Sports (parent company of DREAM11) had raised $225 million at a valuation of $2.5 billion in September 2020. With the valuation doubling to around $5 billion now with a further $400 million just raised, it is clear that the category now includes some of the most valued start-ups in India.
BLITZPOOLS is striving to reach 5 million users by the end of 2021 and is in hot pursuit of Dream11’s 100 million users.
Corporate Update
The Company announces that effectively immediately, Chris Neville is no longer the CEO of the Company. The Company announces its Board of Directors has appointed Troy Grant, a current board member, to serve as interim Chief Executive Officer.
The Company is reviewing its strategic direction and exploring strategic alternatives for its assets outside of India, where it will be focusing all of its efforts and resources.
ABOUT IGT.BET (Interactive Games Technologies Inc.)
IGT.BET is a publicly traded company listed in Canada, USA and Germany (CSE: BETS) (OTCQB: BLITF) FSE: F0O). The Company, led by a management team with a combined experience of over 50 years leading online gaming companies globally, is in the business of providing its customers with entertaining, exciting and engaging online gaming products with a unique brand position and a blend of skill-based games and games of chance. The Company’s product suite includes social gaming, fantasy sports, quiz games, poker, rummy, sports betting, as well as thrilling games of chance as part of its certifiably fair online casino. The product offering is available in countries in line with each jurisdictions’ current regulatory environment. The Company will soon be adding to both its product offering and geographic availability as it strives to make its products available globally.