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Name | Symbol | Market | Type |
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Spdr Glob Infra | LSE:GIN | London | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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-0.10 | -0.39% | 25.80 | 25.75 | 25.85 | 353 | 16:35:02 |
RNS Number:9000F Gaming Insight PLC 08 January 2003 Date: 8 January 2003 Contact: David Sanderson, Chief Executive Gaming Insight PLC Tel: 020 7070 7280 John Bick, Holborn Tel: 020 7929 5599 Gaming Insight PLC ("Gaming Insight") Joint venture established with the Victor Chandler Group to develop greyhound racing platform supported by #2m share placing and board appointments * Agreement signed with Newcote International, the holding company of the Victor Chandler Group, for the creation of a joint venture company called Red Bet Racing. * Gaming Insight has placed 200,000,000 new ordinary shares raising #2 million. * Victor Chandler, Chairman of the Victor Chandler Group, and David Warren appointed to the board of Gaming Insight as non-executive directors. * PriceWaterhouseCoopers appointed as a strategic advisor to the board of Gaming Insight. * Seymour Pierce appointed as nominated adviser and broker. Gaming Insight announces that it has signed an agreement with Newcote International Limited, the holding company of the Victor Chandler Group, for the creation of a joint venture to fully develop Gaming Insight's GoBarkingMad platform (to be rebranded as Red Button Racing). The new joint venture company, to be called Red Bet Racing, will use Victor Chandler's betting infrastructure to provide telephone and fixed odds betting for greyhound racing in addition to pari mutual interactive betting currently offered by GoBarkingMad. Betting opportunities offered by Red Button Racing will also be marketed to Victor Chandler's own client base. The board also announces that it has completed a placing of 200,000,000 new Ordinary shares to raise #2 million before expenses. Application has been made for the 200,000,000 new ordinary shares to be admitted to AIM and admission is expected to occur on 14 January 2003. Victor Chandler joins the board of Gaming Insight as a non-executive director with immediate effect. Victor is Chairman of the Victor Chandler Group and is one of the most prominent figures in the bookmaking industry. David Warren has also joined the board of Gaming Insight as a non-executive director. David has been an active corporate investor for many years. In connection with the appointment of Victor Chandler and David Warren, Newcote International and David Warren have been granted 50,000,000 warrants each to subscribe for new ordinary shares in Gaming Insight at the placing price. The board has instructed PriceWaterhouseCoopers to advise on the strategic expansion and development of its greyhound racing product. Seymour Pierce Limited has been appointed as Gaming Insight's nominated advisor and broker with immediate effect. Nigel Robertson, Chairman of Gaming Insight, said: " We are delighted to have secured this tie-up with the Victor Chandler Group which will add telephone and fixed odds betting thereby substantially expanding our existing offering. Red Bet Racing will enable Gaming Insight to accelerate its development into a significant player in the worldwide greyhound racing market. We also welcome Victor Chandler and David Warren to the board of Gaming Insight. Victor's deep knowledge and experience of bookmaking, and David's experience in the corporate world, will add major strengths to the board." Victor Chandler, Chairman of the Victor Chandler Group, said: "I am delighted to be able to accept the position of non-executive director of Gaming insight and am extremely excited about the potential that our proposed joint venture company, Red Bet Racing, will be able to deliver from the greyhound betting market. The growth in the greyhound market through multiple delivery channels now makes it possible to fully exploit the true potential and enable Red Bet racing to gain a leadership position." - ends - The information on Victor Chandler and David Warren required under Schedule 2(f) of the AIM Rules will be announced in due course. This information is provided by RNS The company news service from the London Stock Exchange END JVEILFEALDIDIIV
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