IGH to buy float on AIM
By paul
Interactive Gaming Holdings announced its flotation on London’s Alternative Investment market (AIM) to fund the addition of more websites to add to its network of online gambling and betting operations.

The company will also announce it has bought the gambling portal Gambling.com. IGH's wants to position itself as a one-stop betting destination. It has an existing network of over 1,100 gaming related portals, online casino sites and bingo sites.

The business model is a revenue sharing deal whereby IGH utilizes 'white label' contracts. This means other operators allow IGH to present their websites as its own, for a share of the proceeds. The flotation of half the company is expected to net about £8 million ($).

About £500,000 ($839,545) of the £4 million ($6,716,000) from the flotation got towards the acquisition of Gambling.com, which includes £2.5 million ($4,197,530) cash.

IGH is a new company, which was established to acquire other e-gaming websites, and it hopes to benefit from high-profile domain names to attract advertising revenue.

IGH executives include executive chairman Craig Marshak, who co-founded CV Holding, the developer of the BetheDealer online casino software, and managing director Thomas Taulé. Taulé was previously chief executive and co-founder of iSleuth.com, a Nasdaq-listed search engine company. Taulé said: 'We've created a prime vehicle to move forward and embark on consolidation within the sector.'

 
 
 
 
 
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