Interactive Gaming Holdings PLC
31 August 2005
31 August 2005
Interactive Gaming Holdings plc ('IGH')
Completion of Premier Bet Acquisition
Further to the EGM statement on 24 August 2005, the Board of IGH is pleased to
announce that the transaction to acquire the business and assets of Premier Bet
Limited is complete.
Application has been made to the London Stock Exchange today for the resultant
enlarged share capital to be admitted to trading on AIM and dealings are
expected to commence on 1 September 2005.
Commenting on today's completion, Tom Taule, Chief Executive of IGH, said:
'We are delighted to have concluded the acquisition of Premier Bet, our second
significant transaction since we floated last year. Premier Bet has a great
brand and we intend to make further value enhancing acquisitions in the rapidly
consolidating egaming market.'
For further information:
Interactive Gaming Holdings plc
Thomas J. Taule, Chairman and Chief Executive Tel. + 44 (0) 20 7692 5544
Insinger De Beaufort
Stephen Goschalk Tel. +44 (0) 20 7190 7000
Smithfield Consultants
George Hudson Tel. + 44 (0) 20 7903 0669
Notes to Editors
Interactive Gaming Holdings plc listed on London Stock Exchange AIM market in
March 2004 (ticker: IGH.L). IGH's strategy remains focused on making
value-enhancing acquisitions in the online sports betting and gaming arenas. IGH
acquired Heathorns, the world's oldest established bookmakers in March 2005, and
subsequently relaunched its oncourse betting presence in July 2005 at Newbury
Racecourse. In August 2005, IGH acquired Premier Bet, a fixed odds bookmaker
based in London, from where it operates an internet and telephone betting
service including www.premierbet.com and www.premierbetcasino.com. Premier Bet
has a database of 36,000 registered customers and reported gross betting
turnover of £24.7 million in fiscal year 2004.
This information is provided by RNS
The company news service from the London Stock Exchange
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