Praesepe plc was formed in 2007 with a mandate from shareholders to acquire or develop businesses in the ‘Low stake High volume’ gaming market in the UK and Europe. The first 'AGC' acquisition was completed in July 2008 and has since been rebranded and relaunched as Cashino. Further acquisitions were made in 2009 and 2010, details of which may be found on our Press Release page.
The group is continuing to monitor suitable acquisitions although it is adopting a selective approach. Any acquisitions are likely to be significantly earnings enhancing but are likely to involve the issue of additional equity. Specific areas of interest are Gaming machines, Cash Bingo and Sports Betting but might also include on-line gaming.
The Praesepe is a group of stars, which is precisely what we intend to create!