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

FastForward Innovations Buys 41.15% Stake in Leap Gaming

It absolutely was confirmed on Monday that FastForward Innovations Ltd. has acquired a preliminary 29.4% stake in provider of 3D technology for the international gambling industry Leap Gaming.

The investment represents FastForward’s first foray in to the gambling industry casinos online canada, although it is definitely seeking to spend money on that particular sector. The organization is likely to get another 11.76% stake into the gaming provider over the following four weeks, hence bringing its interest in Leap Gaming to 41.15percent. FastForward is always to pay the total quantity of $3.5 million. It really is to invest online casinos accepting us players in its acquisition that is latest with current money resources.

The company initially subscribed for 693 devices in Leap Gaming for the total quantity of $2.5 million in money, equaling a 29.4% stake. As stated above, FastForward is to acquire 277 units into the month that is upcoming the amount of $1 million in money. New stocks equaling $250,000 are going to be released upon the transaction’s completion.

Broadly speaking, FastForward is well known to become a technology and biotechnology investor looking to expand and develop its profile of investees in various business sectors. The purchase of the 41.15% interest in Leap Gaming brings the true wide range of FastForward investee businesses to eight.

Commenting regarding the latest announcement, FastForward CEO Lorne Abony said in a statement that the Leap Gaming investment is indicative of their commitment to follow their core strategy. Continue reading FastForward Innovations Buys Canadian Casinos Online 41.15% Stake in Leap Gaming