[image credit : FTechFutures]
Mobile gaming services provider 24/7 Gaming Group is reportedly preparing to float on the Alternative Investment Market (AIM) of the London Stock Exchange and could be valued at as much as £70 million ($104.3 million).
According to a report from the Daily Express newspaper, the Netherlands-based company, which is the parent for WannaGaming, has appointed Westhouse Securities as an adviser and broker ahead of the flotation.
“The move to list on AIM is an important and logical step as we increase our marketing investment in existing markets and expand into new territories,” said Rogier Smit, Chief Executive Officer for 24/7 Gaming.
The firm revealed that it is also preparing to expand due to anticipated rising demand for cross-border gaming over the next five years.