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Veltyco Group looking to grow organically and with acquisitions

Friday, November 11, 2016 2:46
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Veltyco Group (LON:VLTY) sees good growth prospects ahead and is looking to advance both organically and via acquisitions.
Speaking to Proactive Investors, chairman David Mathewson emphasised the group’s role in the  growing online gaming space.
“We are not an operator. We are a marketing company,” he said, explaining that its expertise brings customers to operator sites, where it is rewarded by a revenue share.
The group had an initial public offering at the end of June when it listed on AIM after a reverse takeover process.
The group is cash generative, has no gearing, said Mathewson, and is looking to expand away from just Europe as the whole gaming market grows.
Conversations on further acquisitions are ongoing and the firm is actively looking at different continents, he added.

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