One of the pioneer online poker sites to accept Bitcoin as a currency, Satoshi Poker, has been acquired by new operator BurnTurn.eu for an undisclosed consideration.
The Antiguan-licensed operator issued a statement Tuesday announcing that the acquisition of Satoshi Poker became effective on June 1 2014, and that the terms of sale give BurnTurn access to all of Satoshi Poker’s technology and intellectual property when the new operator launches later this year.
Ragnar Del Torres, the CEO of BurnTurn, said in the statement:
“Satoshi Poker’s early leadership with both its technology and community development efforts gives us an head start as we prepare to launch a new type of online poker experience. We are committed to marrying their knowledge and technical skills with our vision to deliver a Bitcoin Poker experience that enthusiasts can enjoy and trust.”
The acquisition gives BurnTurn the well-established Bitcoin Poker player base and gaming platform.
Del Torres says his company has plans to re-launch Satoshi soon as a precursor to its own offering using Satoshi technology and data later in 2014. The company was founded in 2013 and currently has Open Source software. It allows players to register and play anonymously.