Leisure & Gaming says still in takeover talks, to deliver shareholder value

[clevfan]

Leisure & Gaming says still in takeover talks, to deliver shareholder value


LONDON (Thomson Financial) - Leisure & Gaming PLC said it is still in potential offer talks entered into with parties after the termination of discussions it had been holding with CGTV Games Ltd.

In an update the company also said it is in a strong position to deliver value to shareholders after it spent the last few months restructuring parts of the business.

The online gambling group said it expects a positive impact from October onwards as it has restructured its partners' commissions to reduce volatility of earnings.

The company said it plans to to strengthen its risk management team after it conducted a review of its risk management policy and procedures.

Leisure & Gaming said it continues to explore new markets to roll out its franchised betting shop model and online service and that it plans to open a new operations centre in Italy to provide a more localised service.