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Leisure & Gaming Plc to leave U.S. market

17 Oct 2006

Leisure & Gaming Plc released the following statement:

US operations

Following the passing in the USA of the Unlawful Internet Gambling Enforcement Act of 2006 (the 'Legislation') and after extensive discussions with our lawyers, bankers and other advisers, it is the view of the Board that following enactment of the Legislation it will no longer be appropriate for the Company to serve US-based customers and that the Company should focus solely on its existing UK and Italian businesses. As a result the Company is undertaking a strategic review in order to decide whether to suspend, close or sell its US operations. In particular, the Company has received a number of approaches and is at a preliminary stage in progressing discussions which may or may not lead to an offer for the Company's US -facing businesses. The Board is actively exploring the optimal route to maximise value for the Company's shareholders.

The Company will further update shareholders in due course.

 
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