Online Betting Company In Administration

15th November, 2010

An online betting company that is listed on the London Stock Exchange's AIM has gone into administration.

Leisure & Gaming has fallen foul to the money men, with it's biggest asset Betshop Group sold as a going concern for €1m.

A spokesman for Leisure & Gaming said of the action...

'Selling BSG as a going concern has safeguarded the jobs of more than 600 agents and employees in Italy, Greece, Cyprus and the UK'.

Shares have been suspended on AIM, following a poor run of results in Europe's top national leagues.