Better days ahead for mobile gambling group?

Mobile gambling specialist 24/7 Gaming plc has taken something of a beating in terms of its share price in recent months in an erratic but generally southward trajectory as the Isle of Man registered group’s net loss reached Euro 1.4 million, but help is at hand following the successful attraction of Euro 2.75 million in new investment capital following the firm’s recent listing on the AIM exchange in London.

CEO and founder Rogier Smit intends to use the new capital to boost marketing and attract more players, hopefully thus reversing the downward trend.

The company’s activities are perhaps better known under its WannaGaming brand, which has a long term business relationship with market leader Microgaming Ltd. and Spin3 for its mobile gambling and gaming products, banking services and  24/7 international helpdesk services, and operates under a Maltese gambling license. The group also operates as WGM NV under a Curacao licence.