Tag Archives: London AIM

Strong sports betting performance drives GVC H1 revenues up 15%

London AIM listed igaming group GVC Holdings, the operator competing against 888 Holdings for the takeover of bwin.party Entertainment, today published its Interim H1 2015 results. Reporting to the market, GVC recorded a 18.6% increase in wagering to €824 million (H1-2014: €694 million) for the period. A strong H1 wagering performance would lead to improved performance throughout all core GVC …

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Joel Leonoff – Optimal governance seeks further acquisition targets

Having announced a revenue up lift of 40% to $223 million (£144 million), combined with adjusted corporate profits of $37.3 million (£24 million) for its H1 2015 performance. Optimal Payments CEO Joel Leonoff has stated that company governance is on the lookout for its next target, as Optimal aims for entry into the London FTSE 250. Having completed its €1.1billion …

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NetPlay TV bolsters marketing & development capabilities with Otherside Inc acquisition

Interactive gambling operator NetPlay TV has announced that it has acquired product development and marketing studio Otherside Inc for £3.2 million. The London AIM listed operator stated that it had been actively looking at the market and considering various options as part of its stated strategy to expand the business both organically and through M&A. Founded in 2008, Otherside specialises …

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GVC reloads bwin.party offer at 125.5 pence per share

This morning GVC Holdings Plc issued a corporate statement confirming that it has made a new fully funded proposal for bwin.party Entertainment, in its attempt to win the takeover of the company from competitor 888 Holdings. Its new proposed bid will see bwin.party shareholders receive 25 pence in cash and 0.231 in new GVC issued shares. Based on GVC’s closing …

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Nektan posts ‘better than expected’ year performance

Aim listed B2B mobile gaming platform provider Nektan Plc, has issued it’s a preliminary trading update for its full year results ending 30 June. Nektan governance expects full year 2015 net gaming revenue to be approximately £0.5 million, with the adjusted EBITDA loss (excluding listing costs, exchange differences and non-cash charges relating to share based payments) to be better than …

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XLMedia acquires Marmar media for $7.3 million

London AIM listed igaming marketing firm XLMedia has continued its corporate expansion through acquisition, with the conformation of its majority stake purchase in digital and mobile marketing services operator Marmar Media. XLMedia governance confirmed that it had agreed to acquire a 54% stake in Marmar Media for a cash consideration of $7.36 million (£4.7million). XLMedia expects the acquisition to immediately …

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XLMedia boosts mobile inventory with strategic acquisitions

London AIM listed igaming acquisition marketing specialist XLMedia issued a short corporate statement informing the UK media that it had acquired a number of mobile focused websites to increase its publisher network. XLMedia as yet have not disclosed any financial details regarding the mobile acquisitions, however company governance stated that the company would continue to search for opportunities to expand …

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Stride Gaming looks to raise £10 million on London AIM

Online bingo and games operator Stride Gaming has announced its intentions to raise a minimum of £10 million on the London AIM. The operator has requested for admission of its shares to be traded on the London AIM, by announcing Cantor Fitzgerald Europe to act as its nominated adviser. Stride Gaming will look to commence trading by the 19 May. Stride …

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Gaming Realms positive of future growth despite increased losses

London AIM listed Gaming Realms Plc, remains positive on company performance despite reporting wider pre-tax losses for its 2014 financial performance. The company highlighted that it was entering a key growth stage which had seen a substantial revenue increase, which would continue into 2015. Reporting on an extended 15 period (ending 31 December 2014), after governance changed its yearly reporting …

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Loss of content partnerships impacts Nektan 2014 Performance

London AIM listed mobile gambling provider Nektan PLC has reported half year losses of £2.4 million EBITDA (period ending 31 December). Nektan recorded a revenue fall in revenues to £250,000 (H1 2013 – £1.3 million). The operator said its pre-tax loss for the six months to the end of December was £3.9 million, compared to a £3.1 million loss a …

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