Dear Reader,

Spring may be here, but it's dark as hell outside - another late night for me. But finally, I'm finished.

Toilingly yours,

Bryan

Can't read this newsletter in HTML? Click here (or copy and paste this link into your browser): http://www.casinomeister.com/newsletter.html#skip for the bitchin' online version.

• This bonus is only available to visitors from the Casinomeister.com site who click through the special offer banners and these text links.
• All visitors to Lasseters Online are electronically tracked to determine their origin. If a player is determined to have originated from the special offer banners and links on the Casinomeister.com site, they will receive the bonus. If a player is not deemed to have originated from the Casinomeister.com site (or this newsletter, they will not be eligible to receive the bonus and no correspondence will be entered into.
• The bonus is only available on the player's first single deposit.
• The bonus is not available to players who have previously registered an account at Lasseters Online and received a Sign Up Bonus.
• Bonus funds will normally be deposited into eligible players' accounts within 2 business days of making their initial deposit.
• Players participating in this offer will be unable to withdraw bonus funds from their player account until the amount of the player's deposit and bonus has been bet/wagered at least Ten (10) times or played to extinction.
• Playing Sic Bo, Roulette & Baccarat does not contribute to turnover requirements.
• For the game of Blackjack, players will be unable to withdraw funds from their player account until such time as the amount of the bonus has been bet/wagered at least fifty (50) times or played to extinction.
• Lasseters Online reserves the right to review a player's transaction record. If, upon review, it appears that a player is participating in strategies, which Lasseters Online deem to be abusive, we reserve the right to restrict the player from further bonuses and unsubscribe them from the mailing list.
• Players with multiple cash accounts are ineligible.
• Please note, this offer does not apply to players who reside in a non-cash gaming jurisdiction.

Recently merged online casino and poker room group acquired for US $ 66 million

Surprise disclosure this week was the takeover of the recently merged Spin Palace- Piggs Casino group by London listed company Fairground Gaming Holdings plc for a $66 million consideration. Trading of the shares on the London AIM was suspended as the deal went through.

In the press release, the directors of Fairground Gaming (see previous InfoPowa reports on this company) disclosed that the company has entered into a conditional purchase agreement to acquire all of the online gaming businesses and subsidiaries, which collectively form The Spin Palace Group from Roundit Limited, for a maximum consideration of US$66 million.

Highlights of the deal include:

* The Acquisition is the first by Fairground Gaming since admission to AIM in October 2005, is in line with the Company’s strategy and is conditional on re-admission to trading of the enlarged issued share capital;

* The Spin Palace Group comprises two recently combined businesses, Spin Palace and Piggs Casino, and is a licensed online casino and poker group offering over 200 different games to a global customer base;

* Core domains include www.spinpalace.com, www.rubyfortune.com and www.piggscasinos.com;

* The technology platform of the Acquisition is underpinned by Microgaming considered by the Fairground directors to be the leading provider of software to online casinos;

* Scope for further integration and exploitation of new products; Existing management teams and staff to remain with the enlarged group on completion of the Acquisition;

* Acquisition incorporates a marketing business and scalable call centre to which Roundit previously outsourced these functions as well as an award-winning affiliate programme;

* The initial consideration of approximately US$46 million, consisting of US$10 million cash payment from existing Fairground Gaming resources with the remainder being satisfied through the issue of ordinary shares in Fairground Gaming and warrants over Ordinary Shares in Fairground Gaming;

* Further earnout consideration payable of up to US$20 million, dependent upon the EBITDA of The Spin Palace Group for the year to 31 December 2006; and

* The acquisition constitutes a reverse takeover for the purposes of the AIM Rules and accordingly the Directors have requested that Fairground Gaming’s shares be suspended from trading on AIM with immediate effect until such time as an AIM admission document is published.

Commenting on the proposed acquisition, Evan Hoff, Chief Executive of Fairground Gaming, said:

“The Spin Palace Group will be the cornerstone in the execution of Fairground Gaming’s consolidation strategy. Both Spin Palace and Piggs Casino are well managed and cash generative businesses and, combined, we believe they have the potential to be scaled upwards to enhance future revenues of the Company. We look forward to working with management in growing the business and seeking out complementary acquisitions that will assist us in achieving further scale and product and geographic diversification. We look forward to providing further information to investors in due course.”

News courtesy of Infopowa news service. 
More news here.