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DJI Holdings To Raise 29 Million

Monday July 4th : 2016 : DJI HOLDINGS TO RAISE GBP 29 MILLION IN NEW CAPITAL
 
Struggling Chinese-facing online lottery provider announces a conditional placement of 30.5 million shares.
 
Following closely on a set of troubling performance results , the UK-based but Chinese-facing online lottery company DJI Holdings has announced a conditional placing of 30.5 million new ordinary shares with the goal of raising GBP 29 million in fresh capital.
 
The company said in an announcement that the funds raised will enable it to “progress a number of major strategic opportunities under discussion, with the potential to develop significant new revenues and create substantial shareholder value.”
 
“In addition to strengthening our balance sheet, as a growing listed company we recognise the importance of high quality institutional investors in our shareholder base. We are therefore pleased to be securing additional funding from a number of such institutions, which we believe will enable the Group to conclude discussions for deals of major significance with some of China’s largest organisations, with the potential to enhance shareholder value substantially,” said Darren Mercer, chief executive officer of DJI Holdings.
 
DJI had previously revealed an annual after-tax loss that widened last year to GBP 11.4 million from a loss of GBP 3.6 million the preceding year, attributing the difficult Chinese operating climate to the governments crackdown on spending and corruption, and the slowing Chinese economy.
 
The company is also considering diversification strategies.

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Gambling News :

SquwaKa To Enter sports betting sector - Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.

Softswiss in game deal with Booming Games - Platform and white label provider SoftSwiss has launched a portfolio of 50 plus Booming Games titles following a partnership deal announced this week.

RaceBets Acquired by Betsson - Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.

Playtech buys back 780,000 shares - Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.

Cash In Roulette - The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.

EveryMatrix in game deal with Endorphina - #EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.

2017 Turbo Championship of Online Poker Schedule - Pokerstars has announced the schedule for the 2017 Turbo Championship of Online Poker (TCOOP), which includes some changes following player feedback.

Divine Fortune Slot Launches - NetEnt has joined the end-of-year rush to get new games out for the holiday season, launching a Greek mythology-themed online slot titled Divine Fortune.

Jack Lam Does Not Have a Cagayan Gambling License - Aguirre last week accused Lam of attempting to bribe him and Pagcor chief Andrea Domingo following the mass arrests of 1,316 Chinese workers at Lam's Fontana Park premises in the Clark Freeport on immigration charges.

Japan Gambling Bill Gathering Momentum - Japan's gambling liberalization bill allowing land casinos to set up and operate has achieved unexpected progress since passing a Lower House committee of the Diet earlier this week.

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