News blog

Immotion

  • BY: Andrew Hore |
  • POSTED: 27/01/2020 |

Virtual reality attractions equipment developer Immotion is raising £2.85m at 7.25p a share to finance roll outs of VR equipment including a 36-seat VR theatre at Mandalay Bay. 

The VR theatre will be at the Shark Reef Aquarium in Las Vegas. Immotion will receive $2.50 per ticket sold for entry to the aquarium. There are 500,000 visitors each year. The initial contract lasts 18 months.

Existing aquarium sites generate £476 per headset each week. A new range will be launched for zoos and museums.

The 2019 loss is expected to be £4.2m. WH Ireland has trimmed its revenues forecasts for 2020 and 2021 but margins have been increased. Immotion should still make a small profit in 2020 on this basis. The 2021 pre-tax profit forecast is £4.9m.

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds