Inspired Gaming raises stg£40m

Inspired Gaming, the quoted firm jointly run by Irish entrepreneur Norman Crowley, is still in talks with potential buyers after completing an emergency fund-raising.

26th July, 2008

Inspired Gaming, the quoted firm jointly run by Irish entrepreneur Norman Crowley, is still in talks with potential buyers after completing an emergency fund-raising.

The company last week raised stg£40 million by placing preference shares with investors. It is using the money to finance the stg£20 million cost of exiting its loss-making pub slot machine business, to reduce its debt load and to fund future expansion.

Crowley, the co-founder of Irish internet firm...

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