• Leisure & Gaming Going Private

    11 October 2006

    Newspaper

    REUTERS

    LONDON, Oct 11 (Reuters) – The U.S.-focused gambling operations of Britain’s Leisure & Gaming (LNG.L: Quote, Profile, Research) are likely to be taken private and continue operating after online gambling is banned there, a source close to the company said on Wednesday.

    Leisure & Gaming said on Tuesday it would block U.S. gamblers from its sites, and was in preliminary talks to sell its U.S. operations.

    “All the American-facing business is likely to carry on under private ownership, and the impact on customers should be minimal,” said the source. “The management is expected to be unchanged.”

    Gaming companies were left in shock when the U.S. Congress unexpectedly passed a bill last week making it illegal to accept bets over the Internet, or for credit card companies to process payments to online gaming firms.

    The measure has been passed to President George W. Bush to sign into law, which gaming firms see as inevitable.

    Leisure & Gaming’s U.S.-focused businesses are English Harbour, Nine.com, and VIP.

    The source added that online gambling had become impossible for publicly listed companies like Leisure & Gaming, but denied reports the company faced problems with its bank loans.

    “Leisure & Gaming will survive — if the worst came to the worst they could afford to pay the banks back in full,” the source said.

    THIS ARTICLE CAN BE FOUND AT REUTERS

    Related News

    • Tom horn gaming secured a deal with napoleon sports and casino

      Gambling News

      Tom Horn Gaming Secures a Deal with Napoleon Sports & CasinoIvan Stefanovic17 January 2022

      Tom Horn is known for developing an extensive range of online slots and other casino-style games, which includes both feature-packed progressive jackpots. Now they are set to expand its presence even further with Napoleon Sports & Casino. The Belgian online casino has now partnered with Tom Horn Gaming, becoming the latest operator to acquire the iGaming specialist’s titles.

      Read full article
    • Bgaming brings belarus players range of games through deal with parimatch

      Gambling News

      BGaming Brings Belarus Players Range of Games Through Deal with ParimatchIvan Stefanovic11 January 2022

      In 2022, BGaming picked up steam where it left off in 2021, as the online casino slot machine software provider grows its presence in Belarus through a partnership with Parimatch. According to the deal, Parimatch players will have access to various of its partner’s online slots such as Fruit Million, WBC Ring of Riches, Dig Dig Digger, Bonanza Billion, Zorro Wild Hearth, Road 2 Riches, Lucky Dama Muerta and more.

      Read full article
    • Oryx gaming debuts in the uk after an agreement with 888casino

      Gambling News

      Oryx Gaming Debuts in the UK After an Agreement with 888casinoIvan Stefanovic10 January 2022

      Bragg Gaming group company, Oryx Gaming, launched its content in the United Kingdom one week after obtaining its provider license for that country when they agreed with 888casino. According to the dal, many games from Oryx's RGS offering have been added to 888casino in the United Kingdom, including games and titles developed by Gamomat. In addition, Bragg's first game, Egyptian Magic, from their own game development studio Atomic Slot Lab, will also be available to punters across the country.

      Read full article