The lottery machine supplier Gamingking has agreed to a reverse takeover of the UK’s second largest amusement machines operator, Orb Holdings. Gamingking registered a fall in sales and profits on account of the credit crunch and smoking ban in private clubs. A capital reorganisation is slated after the completion of the takeover deal. Orb Holdings, also the owner of Sceptre Leisure and Regal Machine Sales would change its name to Sceptre Leisure.

Gamingking’s lottery offering will be expanded by the newly enlarged company into Orb Holding which serves 6,500 pubs. This will help in expansion of core market of Gamingking’s registered member’s club.
Gamingking is listed at Aim. It supplies gaming machines to 3,500 working men’s and private members’ clubs. It will be acquiring all the shares of Orb holdings.

New shares equivalent to 85% of the enlarged company would be held by Sceptre Leisure while 15% would go to Gamingking’s current share capital. Gamingking’s shares resumed trading on September 2 after the suspension at 1p last month.

According to its chairman, Douglas Yates, the combination of two companies would create cross-selling opportunities across a number of fronts. Gamingking is supplying lottery ticket vending machines to licensed premises and pubs after the lifting of prohibition under the Gambling Act 2005.

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