Leap Gaming Secures Substantial Investment

FastForward to acquire 41.5 percent stake

Virtual sports and casino provider Leap Gaming has secured a $2.5 million investment from the sale of an initial 29.4 percent stake in parent company Frails LLC by FastForward Innovations Ltd (FastForward).
Under the terms of the deal, a further acquisition agreement of an additional 11.75 percent stake, to be effected within 30 days, for a consideration of $1 million is on the table which will bring FastForward's total stake in the company to 41.5 percent.
"The LeapGaming investment is another example of an investment aligned with our core philosophy. We invest in visionary entrepreneurs like the team at Leap who are developing innovative technologies to solve problems in their industries," commented Lorne Abony, chief executive officer of FastForward in a press statement.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,457


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.

See More Posts