Casinos.co.uk: Casino News Archive
Tuesday 16th October 2007
Internet Gaming Merger Terminated
Online betting and gaming group Leisure and Gaming has announced that it has terminated its takeover discussions with CGTV Games Ltd with immediate effect.
The announcement came in the form of a statement to the London stock market with Leisure and Gaming stating that it has been approached by other parties and was now considering these alternative proposals. It noted that it was not currently in discussions with any other party relating to a takeover of the company.
Canada-based CGTV was reportedly interested in acquiring Leisure and Gaming with speculation over a possible deal beginning at the end of last month when Leisure and Gaming stated in its interim results that it had received an indicative offer from CGTV described as ‘a global provider of casino software and slots based in Dublin, Ireland.’ CGTV acquired the troubled Gambling Federation group last year.
Source:OnlineCasinoNews
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