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FastForward Innovations Buys 41.15% Stake in Leap Gaming

It was confirmed on Monday that FastForward Innovations Ltd. has acquired an initial 29.4% stake in provider of 3D technology for the gambling that is international Leap Gaming.

The investment represents FastForward’s first foray into the gambling industry, even though it has long been trying to spend money on that specific sector. The organization is planning to get another 11.76per cent stake within the video gaming provider within the next four nj casinos online weeks, thus bringing its fascination with Leap Gaming to 41.15per cent. FastForward is to pay the total number of $3.5 million. It’s to fund its acquisition that is latest with existing cash resources.

The company initially subscribed for 693 units in Leap Gaming for the total number of $2.5 million in money, equaling a 29.4% stake. As stated above, FastForward would be to obtain 277 units in the future month for the quantity of $1 million in money. New stocks equaling casinobonusca 2018 online casinos $250,000 are going to be released upon the transaction’s conclusion.

In most cases, FastForward is famous to be always a biotechnology and technology investor aiming to expand and develop its portfolio of investees in several business sectors. The purchase of a 41.15per cent fascination with Leap Gaming brings the true wide range of FastForward investee organizations to eight.

Commenting regarding the announcement that is latest, FastForward CEO Lorne Abony said in a declaration that the Leap Gaming investment is indicative of these commitment to follow their core strategy. Read more