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Head Infotech, an online gaming company, has picked a majority stake in FanFight by investing $1 million. With this, the online rummy platform forays into fantasy sports by investing in the recently-launched platform, Deepak Gullapalli, Chief Executive Officer of Head Infotech India, has said in a statement.
He said the online gaming industry would become a $1-billion opportunity by 2021 from the present $290 million. The number of gamers would go up to 310 million gamers from 190 million. By 2020, the fantasy gaming industry is expected to generate $150 million in revenues.
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