Premier Bet Changes Hands
Published: Friday, August 05, 2005 Online-Casinos.com
PREMIER BET CHANGES HANDS
Good deal for IGH
Online bookie Premier Bet Limited has been bought by Interactive Gaming Holdings this week for GBP 1 million paid in a combination of shares, a convertible loan and share options.
A spokesman for IGC said that the company believes the acquisition could lead to an annual turnover of over GBP 25 million and will allow Premier Bet to develop and increase to other betting markets.
New gaming products, such as online poker and other casino games are also on the horizon and are expected to further advance the company. IGC's Chairman and Chief Executive, Thomas Taulé, says their strategy has been to expand by acquisition. "This is a seminal development for the enlarged group and it now has a radically enhanced earnings profile."
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