Leading British fundraising firm has been named as the purchaser of faltering online gambling division in a deal worth Â£330,000.
Wednesday 29th December 2010
Devilfish Gaming plc, the firm behind virtual poker room Devilfish.com, has revealed The Weather Lottery as the buyer of its Devilfish Poker Limited online gambling subsidiary in a deal worth £330,000.
The operator, co-founded by professional poker player David â€˜Devilfishâ€™ Ulliott, revealed that its agreement has seen it receive £40,000 in cash to settle outstanding liabilities and enable it to continue trading while the remaining £290,000 has been paid in new shares in The Weather Lottery.
The Weather Lottery is a leading UK fundraising firm that helps to elicit funds for non-profit organisations such as sports clubs, schools and universities. It also provides a full package of online gaming products to several leading British football clubs including Sheffield Wednesday, Derby County and Coventry City in addition to operating lotteries for the teams under its FC Lotto brand.