UK AIM-listed TV-and-web gaming vendor NetPlayTV is aiming to raise £12.8 million (E14.8m), to strengthen its balance sheet and finance further growth, by offering nearly 30 percent of its equity through a new share offer.

The firm bought Bingos.com, acquired Rubberduck's mobile quiz subscribers and Pitch Gaming's database, secured a Sky EPG slot and took over management of Virgin's Challenge Jackpot games site after acquiring Two Way Gaming.

The company swung to its first positive EBITDA of £2.4 million in 2008 after more than doubling revenue to £19.8 million. Now it says it's "in advanced talks with a major international betting shop chain about deploying our live games into their retail outlets". Virgin Media (NSDQ: VMED) already has secured an option to take a 9.9 percent stake in NetPlay as part of the Challenge Jackpot deal.

Other posts by :

1. Euro-bank sets up €500m space fund
2. Revenue jump forecast for Eutelsat
3. Moody’s upgrades Eutelsat’s debt rating
4. Rivada Space Networks wins spectrum dispute
5. Will we take an AI bubble bath?
6. Eutelsat shareholders upset over Rights Issue
7. Amazon Leo satellites en route to French Guiana
8. Deutsche Bank reveals targets for AST SpaceMobile
9. AST SpaceMobile boss outlines benefits

Categories: Articles, Business, Results