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2005-06-01 LONDON (AFX) - Leisure & Gaming PLC had its AIM listing restored today after announcing that it has agreed the reverse takeover of VIP Management Services N.V. and Bon Bini Investments N.V. ("VIP") for up to 23.45 mln stg.
Leisure & Gaming sold VIP.com and NINE.com for $1.00 in 2006.
must-see Wiki: http://en.wikipedia.org/wiki/Leisure_and_Gaming#cite_note-0 "Britain's Sportingbet and Leisure & Gaming both pulled out of the United States ahead of a ban on Internet gambling on Friday, each selling their U.S. operations to private investors for $1.
Smaller rival World Gaming meanwhile said it was impossible to continue in business and called in administrators.
All three companies were rushing to complete the deals before President George W. Bush signed a bill to prohibit Internet gambling into law on Friday."