Devilfish Poker Sold To The Weather LotteryAIM-Listed Gaming And Lottery Company Buys Devilfish Poker |
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The Weather Lottery today announced it has agreed to acquire Devilfish Poker, the trading entity owned by Devilfish Gaming Plc.
The Weather Lottery is listed on London’s Alternative Investment Market and will pay £40,000 in cash and £290,000 in shares for Devilfish Poker.
The Weather Lottery chairman Lord Razzall, said, “Devil Fish Poker has an established brand name in a sector which is complimentary to the existing gaming operations of TWL. We have a growing database of users in both FCBetz.com and FC Lotto some of whom will we believe wish to take advantage of the DFP products.
“The Board considers its acquisition at a time when there is still considerable untapped potential for development fits in with our gaming strategy”.
Devilfish Poker has outstanding liabilities of £10,803 and made a net loss of £106,331 on a turnover of £783,353 to the year ending June 30, 2010.