The UK facing online casino and poker operator sold over 3.7m new shares (representing 7.4 per cent. of the company\’s share capital) at 140p each in a placing arranged by Numis Securities.
Proceeds will be used for the expansion of 32Red\’s marketing programme. In addition, the company continues to look at acquisition opportunities within the online gaming industry.
“It has been our intention since Admission to AIM last September to widen the shareholder base and raise capital to invest in 32Red\’s future growth. \’We are delighted to have raised these funds, which will enable us to step up our focused marketing programme and enhance 32Red\’s profile and brand recognition. The additional capital will also give us increased resources to pursue strategic acquisitions that we feel would be complementary to 32Red\’s existing offering,” commented Ed Ware, 32Red\’s Chief Executive Officer.
Elsewhere, Las Vegas From Home.com has announced that its common shares have been accepted for listing and have commenced trading on the Frankfurt Stock Exchange.
“The listing of the Company’s shares on the Frankfurt Stock Exchange provides the Company with increased exposure in the European Investment community as well as increasing the visibility of its products in that marketplace,” said Jake Kalpakian, President and CEO of LVFH.
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