31st Mar 2014 11:57
LONDON (Alliance News) - Blue Star Capital PLC Monday said investee Oak Media Ltd has signed a supply agreement with Nextan (Gibraltar) Ltd.
Under the agreement, Oak Media will supply Nektan with white label real money gaming services for the UK market.
The contract was signed Oak was given regulatory approval from the gambling division of the government of Gibraltar, according to Blue Star.
"Oak is an important investment for Blue Star so we are delighted they have teamed up with one of the leading players in new gaming products and systems. Nektan is an ideal partner for OAK given the strength of its management team and product portfolio," Blue Star Chairman Graham Parr said in a statement.
Blue Star shares were Monday quoted at 0.602 pence, up 14.7%, putting it in the top five risers on AIM.
By Samuel Agini; [email protected]; @samuelagini
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Blue Star