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It’s Game On for Online Casino Takeover Bid
Leisure & Gaming (L&G), an online gaming and betting firm that operates
successful sites such as BetShop.com and its Acropolis-branded online
casino, has announced that it has received a buyout offer from Dublin
based CGTV Games Limited.
The company has signed an exclusivity agreement with CGTV, a global
provider of casino software and slots, until the end of October. Then if all
conditions are satisfied it will purchase the entire share capital of L & G for
no less than 13 pence per share.
L & G also announced healthy results for the six months to June 30th,
2007, with a 75 percent increase in turnover to €65.4 million and a 44
percent growth in net win to €13.9 million, compared with the same period
last year.
source: OnlineCasinoNews |
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