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NetPlay Places £1.14 Million Shares To Fund Interactive Gaming Format, New Studio

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Interactive TV gaming producer NetPlay is looking to pull in £1.14 million to fund a new SuperCasino game, development of its exiting bingo show and a move to purpose-built new studios. Founded in 2001 and listed on AIM, NetPlay operates its Live Roulette and Big Box Bingo games at night on BSkyB (NYSE: BSY) satellite and simultaneously via dedicated websites. The roulette app is the basis of the new show. For the investment, London-based NetPlay, led by former Monstermob founder Martin Higginson, today issued 6.9 million new shares, though its share price has fallen considerably in the last three years. Via announcement.

Jan 3, 2008 6:55 AM ET

Posted In: Money, M&A & Venture Capital, Venture Capital

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