Devilfish sells to Weather Lottery
Just before Christmas Devilfish Gaming announced to the market that it had sold its sole trading subsidiary Devil Fish Poker Ltd to The Weather Lottery plc.
The fee agreed for The Weather Lottery’s acquisition is GB£ 330,000. This amount will be made up of GB£ 40,000 in cash and GB£ 290,000 from the issue of new ordinary shares (30m at 0.1p each).
Devil Fish Poker reported an operating loss of GB£ 106,331 for the year ended 30 June 2010.
The Weather Lottery has increasingly been moving into online gambling. It has been developing its FCLotto website, which runs a weekly lottery based on the number of goals scored in six UK leagues. The game is run in partnership with various football clubs.
There are currently six clubs signed up to the game, including West Ham United and Middlesbrough FC.
In August 2010 The Weather Lottery launched its FC Betz sports betting and games website. The site is powered by Webis (BetInternet) and also has signed partnership deals with UK football clubs.
The acquisition of a poker brand will help expand The Weather Lottery’s online gambling products further.
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