Business
Update on potential sportsbook acquisition
Update on potential sportsbook acquisition.
About this update from B90 Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9364T Veltyco Group PLC 09 July 2018 \n\n9 July 2018\n \nVeltyco Group PLC\n(\"Veltyco\", \"the Company\" or the \"Group\")\n \nUpdate on potential sportsbook acquisition \n \nAs announced on 1 February 2018, the Company entered into an exclusivity period regarding the potential acquisition of Ruleo Alpenland GmbH (\"Ruleo\"), a company that operates the BTTY branded sportsbook in Germany and Austria. \n \nFollowing the completion of due diligence by Veltyco and recent developments regarding the German licence program that could impact on BTTY going forward, the Veltyco Board has decided to terminate the negotiations with Ruleo and will now not pursue the acquisition of BTTY.\n \nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.\n \nFor further information please contact:\n \nVeltyco Group Plc +44 (0)1624 605 764\nMelissa Blau, CEO\nMarcel Noordeloos, CFO\n \nStrand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494\nJames Harris / Richard Tulloch / James Dance\n \nWhitman Howard Ltd (Broker) +44 (0)20 7659 1234\nFrancis North / Nick Lovering\n \nIFC Advisory (Financial PR & IR) +44 (0)20 3934 6630\nGraham Herring / Miles Nolan / Zach Cohen\n \nAbout Veltyco\nVeltyco is a group of companies focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry as well as operating its own brands. Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activiti...