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FastForward Innovations Buys Australian Online Casinos 41.15% Stake in Leap Gaming

FastForward Innovations Buys 41.15% Stake in Leap Gaming

It absolutely was verified on Monday that FastForward Innovations Ltd. has obtained an initial 29.4% stake in provider of 3D technology for the international gambling industry Leap Gaming.

The investment represents FastForward’s first foray into the casinos free online gambling industry, even though it has long been wanting to spend money on that particular sector. The business is about to obtain another 11.76per cent stake in the gaming provider over the following thirty days, therefore bringing its interest in Leap Gaming to 41.15percent. FastForward is to pay the amount that is total of3.5 million. It really is to invest in its acquisition that is latest with existing money resources.

The company initially subscribed for 693 devices in Leap Gaming for the total quantity of $2.5 million in money, equaling a 29.4per cent stake. As previously mentioned above, FastForward would be to get 277 units within the month that is upcoming the amount of $1 million in money. Brand New stocks equaling $250,000 are going to be granted upon the best online casinos no deposit transaction’s completion.

Broadly speaking, FastForward is famous to be always a technology and biotechnology investor aiming to expand and develop its portfolio of investees in several company sectors. The purchase of the 41.15% desire for Leap Gaming brings the true amount of FastForward investee companies to eight.

Commenting regarding the latest statement, FastForward CEO Lorne Abony stated in a statement that the Leap Gaming investment is indicative of the dedication to follow their core strategy. (more…)