LNG Leisure&Gaming

RNS Number:5703C
Leisure & Gaming plc
03 September 2004


LEISURE & GAMING PLC

Admission to trading on AIM and Fundraising

Leisure & Gaming plc (the "Company"), a newly created company established with
the objective of building a business focused on the leisure and gaming sector,
announces the placing of 4 million ordinary shares at 10p per share (raising
#400,000, before expenses) and admission to trading on AIM ("Admission").

The Company's strategy will be to identify and acquire one or more businesses or
interests that are suitably positioned to take advantage of the opportunities
perceived by the directors to exist within the leisure and gaming sector,
including land-based, on-line and web-based betting and gaming businesses.

The Company is in discussions regarding a number of suitable acquisition
opportunities, at least one of which they hope to effect within a short period
following Admission.

The directors have extensive experience in successfully establishing, growing
and acquiring businesses, and the executive directors have specific acquisition
and operational experience within the leisure and gaming sector, both in the UK
and overseas.

At Admission the following shareholders had an interest in three or more per
cent. of the issued share capital of the Company:

Shareholder               Number of Ordinary Shares    Percentage at Admission
Benjamin Shaw                             2,500,050                     50.001
Bayard Management Inc                       750,000                       15.0
Nicholas Powell                             650,000                       13.0
Chase Nominees Limited                      500,000                       10.0
Corporate Synergy Plc                       200,000                        4.0

Benjamin Shaw, CEO of Leisure & Gaming plc, commented:

"The placing and the listing of the company on AIM should give us the platform
to further attract and secure transaction and acquisition opportunities in the
developing and fast growing leisure and gaming sector.  We have a strong
management team that has the expertise and relationships to seek acquisitions
and investment partners. As a public company we believe we have the platform to
grow and develop our business."


For further information:

Leisure & Gaming plc
Benjamin Shaw, CEO                                   020 7248 0802

Finsbury
Kirsty Flockhart                                     0207 251 3801

Corporate Synergy Plc
John Prior                                           020 7626 2244

Note to Editors

Directors

Philip Parker, 58, Non-executive Chairman

After graduating with a law degree from Cambridge University, Philip began his
career in the computer industry first with IBM and then Unisys, where he spent
10 years in the United States.  He returned to the UK in the early 1980s to run
the European operations of Gulf & Western's software and training business
successfully consolidating their VAR channel.  In 1987, he was appointed
marketing director for the defence electronics division of Plessey Plc,
subsequently becoming corporate development director.  Following Plessey's
acquisition by GEC Plc in 1989, Philip moved on to run North Sea Assets Plc, a
quoted oil services business which was acquired by Halliburton Plc in 1995.
Since then Philip has worked as a main board director for a number of businesses
and is chairman of Protec Plc, a quoted electronic security business.

Benjamin Shaw, 35 Chief Executive Officer

Benjamin co-founded NetComs Group Ltd, a strategic internet consultancy, which
expanded through organic growth, acquisition and subsequent merger to comprise
12 offices within Europe and the United States.  Benjamin subsequently joined
the Victor Chandler bookmaking group where he was responsible for setting up its
online gaming businesses.  Following Benjamin's departure from Victor Chandler
in 1999, he became involved as a principal in the consortium which acquired
Zetters Group plc, the pools betting operator, where he became group managing
director.  In 2000, Benjamin left Zetters to set up a gaming business in
Australia, which he sold to Tattersall's Group, a leading lottery operator, in
2001.  Most recently, through a joint venture with N M Rothschild & Sons
(Australia), Benjamin was involved in the consolidation of a number of on-line
gaming businesses into Consolidated Gaming Corporation, now BetCorp Limited,
which is listed on the Australian Stock Exchange. Benjamin will be responsible
for the Company's strategic development and for managing the operational
activities of the business on a day-to-day basis.

Henry Birch, 35, Business Development Director with responsibility for the
finance function

Henry started his career in politics and lobbying before moving to Turner
Broadcasting (subsequently Time Warner) in 1994 where, as European affairs
manager, he helped launch their TV and other media properties throughout Europe.
Subsequent to this, Henry was business development director for a Bertelsmann
digital music venture in Silicon Valley before moving back to the UK in 2001 to
join Betting Corp, a developer and operator of betting and gaming services.  As
chief operating officer of BettingCorp, he launched two interactive TV betting
services, as well as overseeing their interactive gaming interests, and was
involved in the sale of the company to Liberty Media and OpenTV in August 2003.
Henry holds an MA from Edinburgh University and an MBA from Stanford Business
School.

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