United Game Tech plc
United Game Tech realizes another successful capital increase
United Game Tech plc / Key word(s): Capital Increase United Game Tech realizes another successful capital increase Information and Explanation of the Issuer to this News: Alexander Zucker, CEO of United Game Tech plc: ‘We are very pleased with the trust that our new strategic investors have placed in us. Their long-term interest, specific know-how and contacts will help us further expand our position in the European sports betting market in the future. We will invest a portion of the proceeds from the capital increase in our proprietary technology and are confident that we will soon be able to present some exciting innovations. Another part will go towards marketing. Moreover, we are planning to increase our revenue significantly via acquisitions in the medium term.’ Via its subsidiaries, United Game Tech operates retail and online sports betting offers under the brands digiBet and bancobet in Germany, Austria and Belgium. The proprietary software solution is also operated as a white-label solution under the bancobet brand via a locally regulated licensing partner in Romania. More than 1,000 machines at over 300 points of sale are connected to the United Game Tech Group’s system. The shares in United Game Tech have been listed on the Berlin stock exchange since March 31, 2017. About United Game Tech plc Disclaimer Contact:
28-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | United Game Tech plc |
154, The Strand | |
GZR1025 Il-Gzira | |
Malta | |
Phone: | +356 2763 1370 |
E-mail: | ugt@kirchhoff.de |
Internet: | http://unitedgametech.com/ |
ISIN: | MT0001180109 |
WKN: | A2AR1C |
Listed: | Regulated Unofficial Market in Berlin |
End of Announcement | DGAP News Service |