8th Nov 2013 13:48
LONDON (Alliance News) - Electric Word PLC said Friday that its US subsidiary acquired a 50% stake in SAM Media Limited, which owns the annual iGaming North America conference.
In 2013 the iGaming North America conference saw revenues of around USD500,000. The company did not provide any financial details of the acquisition.
"The regulatory changes which continue to unfold in the US make it a very interesting market for our online gaming information business," said Chief Executive of Electric World Julian Turner in a statement. "The deal builds on the launch of our iGaming North America magazine in 2012 and gives us a great opportunity to extend the brand further."
Shares in the media company were trading up 1.8% at 2.29 pence Friday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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