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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.

Read the entire article at: ic Wales 

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