Fairground Gaming Buy Spin Palace Casino
Fairground Gaming, an online gaming investent company has announced the completion of the acquisition of Spin Palace Group for an initial fee of 10 million U.S. dollars.
Commenting on the acquisition, Chief Executive Officer for Fairground gaming, Evan Hoff said: 'The acquisition of The Spin Palace Group represents the first step towards implementing our strategy of consolidation, which was outlined when we first admitted to AIM in October 2005. We continue to have discussions with various companies to determine whether they fit our investment criteria.'
In accordance with the acquisition of The Spin Palace Group, the vendor, Roundit Limited, has assigned all of its right, title, benefit and interest in the acquisition agreement to its parent, Seahouses Holdings Limited with immediate effect.
Commenting on the acquisition, Chief Executive Officer for Fairground gaming, Evan Hoff said: 'The acquisition of The Spin Palace Group represents the first step towards implementing our strategy of consolidation, which was outlined when we first admitted to AIM in October 2005. We continue to have discussions with various companies to determine whether they fit our investment criteria.'
In accordance with the acquisition of The Spin Palace Group, the vendor, Roundit Limited, has assigned all of its right, title, benefit and interest in the acquisition agreement to its parent, Seahouses Holdings Limited with immediate effect.
posted by Glenn at Monday, June 19, 2006
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