24/7 Gaming To Switch To Binary Options Sector

Online casino operator in branding change ahead of new direction for the business

Online casino operator 24/7 Gaming has confirmed that it is making a radical change in its business model by switching the binary options sector, where it is pursuing an appropriate acquisition that is regulated in Cyprus.

In preparation for the move the company is engaged in a brand change to Amesi plc and plans to raise funds by liquidating its current subsidiaries.

The AIM-listed company's shares have been suspended since September when it raised GBP360,000 through a share placing to fund the transaction costs of a potential reverse takeover under AIM rules.

The company disclosed this week that it is to cease operations and funding in its existing and unprofitable online gambling subsidiaries, including its Wannagaming casino operations and its Playlogic publishing operations.

The investor publication Morningstar reports that management at 24/7 Gaming said that the company is continuing to take expert advice to prepare financing for the acquisition and expects to make a further announcement on this in early 2015.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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