Fairground Gaming Explained

Fairground Gaming Holdings plc
Type:Public limited company
Fate:Liquidation
Predecessors:-->
Successors:-->
Founded: in Isle of Man
Founders:-->
Hq Location Country:Isle of Man
Areas Served:-->
Key People:[1]
Owners:-->

Fairground Gaming was an online gaming company traded on the Alternative Investment Market of the London Stock Exchange as FGH.L.

Formed in 2005, Fairground's primary business was in the online casino sector, but it also operated two online poker cardrooms. In June 2006, the company acquired the Spin Palace Group for approximately $65 million.[2] [3]

Casinos owned by the group included:

The poker rooms were:

All casinos in the group were powered by Microgaming software, members of the ECOGRA organisation and licensed by the Kahnawake Gaming Commission.

As of October 2006 the company no longer took United States customers due to passing of the Unlawful Internet Gambling Enforcement Act of 2006.[4] Subsequently, the company was liquidated.[5]

Notes and References

  1. Web site: Admission Letter. 7 July 2020.
  2. Web site: 25 September 2006. Fairground Gaming Interim Results. 25 January 2021. investegate.
  3. Web site: Malinsky. David. 6 May 2006. Fairground Gaming acquires The Spin Palace Group for up to $66m. 25 January 2021. Bookmakers Review.
  4. http://news.bbc.co.uk/2/hi/business/6036253.stm BBC: Firms suspend US gaming business
  5. http://shares.telegraph.co.uk/security.cgi?csi=12552&action=news&story_id=925090 Telegraph.co.uk: 17 November 2006