27-08-2007 Will General Capital Venture Finance rescue Premierbet and Heathorns?

The Sunday Express reports that General Capital Venture Finance is ready to provide £2m to Interactive Gaming Holdings. The UK tabloid mentions tense negotiations but cites no sources.

General Capital Venture Finance is the same company that two weeks ago denied IGH a £400,000 loan. The venture finance operator states on its website that it "provides innovative and flexible funding solutions for UK SME’s, issuing asset secured lending facilities ranging between £10K and £1m."

Speaking with an insider close to IGH, Bookmakers Review were told that a major UK bookmaker made an offer for the credit betting side of Heathorns. The world's oldest bookmaker is understood to have over 1,000 active customers, including many high-rollers.