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Monday 14th November 2005
Leisure & Gaming has announced the acquisition of two internet gaming companies, Nine.com and English Harbour.
The company said it had agreed to buy Costa Rica-based Nine.com for an initial £20.7m and Antigua-based English Harbour for an initial £9.5m.
The company is proposing to raise up to £24.37m by way of a placing of 19.5m new shares at 125p per share, fully underwritten by Altium Capital.
Leisure and Gaming has also recently purchased VIPsports and VIPpoker, followed last month by the online casino arm of Stanley Leisure.
Source: OnlineCasinoNews
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