RNS Number:8930M
Leisure & Gaming plc
29 November 2006

29th November 2006


           Leisure & Gaming plc ("Leisure & Gaming" or the "Company")


                Result of Extraordinary General Meeting ("EGM")


The Company is pleased to announce that at its EGM held at 10.00 a.m. today, all
resolutions were passed.  Accordingly, the sale on 13 October 2006 of all the
Company's US-facing businesses has now been ratified by shareholders and the
conditions of the Company's revised banking arrangements, as described in its
circular dated 6 November 2006 (the "Circular"), have now been satisfied. The
Company's continuing business comprises the BetShop operations, including
BetShop Italia, a franchised chain of over 900 branded betting shops and outlets
across Italy.


Trading in the Company's shares (63,945,152) is resuming immediately.  A further
500,000 ordinary shares issued to Corporate Synergy Plc will begin trading on 30
November resulting in a total issued share capital of 64,445,152. The Company's
authorised share capital has been increased and the issue of shares pursuant to
the management share incentive programme (as outlined in the Circular) has been
approved.  Following the issue of these shares and the cancellation of the
outstanding options granted under the Company's previous share option programme,
the fully diluted issued share capital will comprise 72,970,393 ordinary shares.


As set out in the Circular, Henry Birch has now rejoined the Board as Chief
Executive Officer.  At the year end, Josh Joshi will be stepping down as Chief
Financial Officer. The Company will appoint a new Chief Financial Officer in due
course and, in the interim period, the finance role will be managed by the
existing finance team reporting directly to Henry Birch.


Philip Parker, Chairman of Leisure & Gaming, said:


"Today we announce the refinancing of the Company and confirm shareholder
ratification of the sale of all our US-facing businesses on 13 October 2006,
ahead of the passing into US law of the Unlawful Internet Gambling Enforcement
Act.


"Our BetShop businesses in Europe are well positioned to drive forward the
Company and return shareholder value, particularly in the Italian market - one
of Europe's fast growing and licensed markets - where BetShop Italia operates a
network of over 900 branded shops, together with BetShop.com, our multilingual
European sports and casino gaming website.


"I would also like to thank Josh Joshi who has performed a pivotal role in the
restructuring of the company during this difficult period in which the Unlawful
Internet Gambling Enforcement Act was signed into US law, forcing us to review
our business strategy.  We wish him all the best for the future."


                                      Ends


Enquiries:

Henry Birch, Chief Executive Officer, 
  Leisure & Gaming plc                                    T: +44 (0)20 7248 6343


Jonathon Brill/Billy Clegg/Caroline Stewart,              T: +44 (0)20 7831 3113

Financial Dynamics


John Prior/David Seal, Corporate Synergy Plc              T: +44 (0)20 7448 4400


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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