Online Casino Group Acquired By Fairground Gaming
05-06-2006
UK listed online casino and gambling group Fairground Gaming, has announced a $66 million acquisition of the recently merged and Microgaming powered Spin Palace-Piggs Casino group...
Fairground shares were temporarily suspended on the London AIM as this deal, the group's first acquisition, was concluded.
Evan Hoff, Chief Executive of Fairground Gaming, said, "This acquisition will form the cornerstone of our rolling out our strategy of consolidating leading online gambling brands. The casinos represented by the Spin Palace group are extremely well managed and financially sound, and have enormous potential to scale upwards for future growth."
The Spin Palace Group recently acquired the Piggs Peak casino group, another Microgaming operator. The group runs four Microgaming casinos and one poker room.
05-06-2006
UK listed online casino and gambling group Fairground Gaming, has announced a $66 million acquisition of the recently merged and Microgaming powered Spin Palace-Piggs Casino group...
Fairground shares were temporarily suspended on the London AIM as this deal, the group's first acquisition, was concluded.
Evan Hoff, Chief Executive of Fairground Gaming, said, "This acquisition will form the cornerstone of our rolling out our strategy of consolidating leading online gambling brands. The casinos represented by the Spin Palace group are extremely well managed and financially sound, and have enormous potential to scale upwards for future growth."
The Spin Palace Group recently acquired the Piggs Peak casino group, another Microgaming operator. The group runs four Microgaming casinos and one poker room.