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Electric Word

  • BY: Andrew Hore |
  • POSTED: 08/11/2013 |

Educational, health and online gaming information publisher Electric Word is taking a 50% stake in the company that runs the iGaming North America conference just as online gaming regulation is changing in the US.

The stake in SAM Media was acquired for a nominal consideration and Electric Word will contribute its experience in European conferences. There is a call option for each partner to acquire the other’s stake.

The iGaming North America conference generated revenues of $500,000 in 2013. Electric Word will share in future profit growth above an agreed threshold. Electric Word launched iGaming North America magazine last year.

At 2.38p a share, up 0.13p, Electric Word is valued at £9.68m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2013_49.pdf

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