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Most Recent Online Casino News
Online Gambling Firm to Float
An investment company which hopes to
cash in on the craze for online gambling today announced plans to float
on the Alternative Investment Market.
Fairground Gaming Holdings plans to
build up a portfolio of online casinos, internet bingo and what it
dubbed skill-based gaming sites through a series of acquisitions.
It claims it will act as a
consolidator in what it described as the “fragmented” online gambling
sector.
Following its listing on Aim the group
expects to have around £8 million in cash, and it may look to raise
additional money to complete its acquisition programme.
The group’s chief executive Evan Hoff
has extensive experience in the sector, having co-founded ForwardSlash,
which launched a number of online casinos including the Gaming Club, the
Riverbelle Casino and the Lucky Nuggett.
He said: “The online gaming sector is
beginning to benefit companies with scale and brand recognition.
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