Tag Archives: London AIM

Irish finance magnet Dermot Desmond has invested £1.3 million (€1.5 million) in London AIM listed igaming systems provider GAN. Updating the market, GAN governance revealed that Desmond’s IIU Nominees (IIU) had purchased +3 million shares in the firms new share placement. Desmond’s purchase sees IIU take an approximate 5% equity in GAN. GAN governance stated that the funds would be …

In a move to increase its cash capital, London AIM-listed mobile gambling firm Nektan Plc has confirmed that it has sold three of its gaming brands to Buckingham HMB for a cash consideration of £1.75 million. Agreeing on the sell-off, Nektan will transfer Chomp Casino, Spin Princess and Sapphire Rooms to the ownership of Buckingham HMB. Nektan governance maintained that the three …

London AIM-listed GAN Plc (formerly GameAccount Network) has welcomed Chicago financial advisory David Capital Partners as new investors raising £450,000 for its business. GAN governance declared that the firm had conducted a new share placement of 1.5 million ‘ordinary shares’ issued at a price of 30p. The completed purchase will see David Capital hold 2.2% of total share capital of …

Following a period of corporate restructuring, London AIM-listed mobile gambling software provider Nektan Plc is confident that it can reverse its financial performance in the second half of 2016. Last week, Nektan governance provided a preliminary update on its H1 2016 performance detailing that it expected to post £4.2 million in net gaming revenues (H1 2015: £1.6 million). The company …

Updating the market sports betting platform provider Kambi and key client 32Red Plc have confirmed a partnership extension. The extension of services sees 32Red continue its sports betting platform agreement with Kambi which was first signed in April 2014. The partnership saw London AIM-listed 32Red relaunch its sports betting offering ’32Red Sports’, with company governance stating that the company was …

Having completed a strategic corporate review, the board of XLMedia has concluded that the company will continue to operate as independent enterprise, scrapping any plans of selling its business or assets. The governance of the London AIM-listed company stated that it believed that in remaining independent it would best serve its goal of “maximising value for shareholders”. Following a record …

Presenting its full-year 2015 results, London AIM-listed mobile gambling operator Gaming Realms Plc reported that it had narrowed FY losses to £7.8 million (FY 2014 £9.8 million). Gaming Realms who operates mobile centric casino brands, Pocket Fruity, Slingo, Spin Genie and Britain’s Got Talent Games reported that it had almost doubled company revenues to £21 million (FY 2014: £11.2 million) …

London AIM listed industry marketing specialist XLMedia Plc has recorded a pre-tax profit of $24.3 million for its full year 2015 performance (period ending 31 December) up 84% on FY 2014’s $13.2 million. XLMedia would record a revenue increase to $89 million up 76% on 2014’s $50.7 million, as the company reported core metric growth on all its channels. Furthermore, …

Declaring its full-year 2015 results (period ending 31 December), interactive gambling operator NetPlay TV posted net revenues of £26.4 million down 4% on FY 2014’s £27.4 million. The London AIM-listed operator who in 2015 had undertaken a corporate restructure focusing on cost savings and operational efficiencies, reversed its FY earnings results posting corporate profits of £600,000 (FY 2014: – £100,000). NetPlay …

Issuing a market update for its six month H1 2015/16 performance (period ending 31 December), London AIM mobile gaming operator Nektan Plc has reported that its operational losses increased to £3.6 million. The losses represent a 55% increase on its comparative H1 2014/15 results of -£2.3 million. However, Nektan governance were encouraged with the firms revenue performance which had increased …