Cafrino has been on a steady growth path under the leadership of our CEO Mike Murphy, and this acquisition of National League of Poker represents the exact push we needed to accelerate that growth
NEW YORK (PRWEB)
August 30, 2017
Cafrino has dramatically expanded its reach in the online poker world after acquiring National League of Poker (“NLOP”).
National League of Poker is well-known in the social and online poker space. NLOP has been servicing those online poker players who were left without options following the federal government’s crackdown on online gambling. Like Cafrino, NLOP is free-to-play and pays players cash prizes, which are derived from its advertising revenue. In addition, NLOP offers a subscription model and downloadable applications.
“It’s a fantastic addition to what we’ve been doing with Cafrino,” said Mike Murphy, Chief Executive Officer of Cafrino. Murphy, who headed NLOP before joining Cafrino, added: “The acquisition of such a quality product, with over 1.3 million users, makes this an amazing deal. When originally running NLOP from 2013-2014, we had big plans. I’m excited to get the chance to pick up where we left off.”
The acquisition means Cafrino, with bases in New York and California, has dramatically increased its daily and monthly active users. Since its launch in 2006, NLOP.com has undergone consistent and ongoing development. The current plan is to run Cafrino.com and NLOP.com separately, promising to introduce innovation to both these products in due course.
Cafrino Chairman Haig Kayserian, who negotiated the deal along with company CEO Mike Murphy and General Counsel John Buckman, was delighted at the opportunity the acquisition presents their online poker startup.
“Cafrino has been on a steady growth path under the leadership of our CEO Mike Murphy, and this acquisition of National League of Poker represents the exact push we needed to accelerate that growth,” Kayserian said.
Stan Hunting, who has headed NLOP since Murphy’s departure, joins Cafrino as part of this acquisition. Hunting will assume the VP of Ad Operations role.
Murphy said: “Stan and I worked closely at NLOP, and he brings valuable expertise in…