|Fairground Gaming Holdings plans to build up a portfolio of online casinos, internet bingo and skill-based gaming sites through a series of acquisitions according to media reports.|
It claims it will act as a consolidator in what it described as the “fragmented” online gambling sector.
The group expects to have around £8 million in cash, and it may look to raise additional money to complete its acquisition programme.
The group’s chief executive Evan Hoff has experience in the sector, having co-founded ForwardSlash, which launched a number of online casinos including the Gaming Club and the Lucky Nugget.
Hoff said: “We see significant opportunities for a consolidator such as Fairground Gaming to target and attract relatively small operators and to create a sizeable and synergistic business model to capitalise upon the market potential.”