FastForward Innovations Buys 41.15% Stake in Leap Gaming
It was verified on Monday that FastForward Innovations Ltd. has acquired a short 29.4% stake in provider of 3D technology for the international gambling industry Leap Gaming.
The investment represents FastForward’s very first foray into the gambling industry, though it is definitely seeking to invest in that specific sector. The organization is about to obtain best online casinos for real money another 11.76per cent stake in the gaming provider over the following four weeks, therefore bringing its curiosity about Leap Gaming to 41.15%. FastForward would be to pay the total number of $3.5 million. Its to finance its acquisition that is latest with current money resources.
The business initially subscribed for 693 devices in Leap Gaming for the total number of $2.5 million in money, equaling a 29.4% stake. As previously mentioned above, FastForward is always to get 277 units into the upcoming month for the online casinos no deposit bonus amount of $1 million in cash. New stocks equaling $250,000 are going to be given upon the transaction’s completion.
Broadly speaking, FastForward is known to become a biotechnology and technology investor looking to expand and develop its profile of investees in a variety of business sectors. The purchase of the 41.15per cent interest in Leap Gaming online casinos that accept paypal deposits brings the quantity of FastForward investee companies to eight.
Commenting on the announcement that is latest, FastForward CEO Lorne Abony said in a statement that the Leap Gaming investment is indicative of the commitment to follow their core strategy.