IGH Interactive Gam

RNS Number:2648J
Interactive Gaming Holdings PLC
21 September 2006


Press release                                                  21 September 2006

                        Interactive Gaming Holdings Plc

                           ("IGH" or "the Company")

        Placing of new ordinary shares to raise approximately #300,000

Interactive Gaming Holdings Plc (AIM: IGH.L), the online sports betting and
gaming operator, announces today that 6,000,000 new ordinary shares of 1 pence
each in the share capital of the Company (the "Placing Shares") have been placed
by the Company with investors at a price of 5 pence per share to raise
approximately #300,000 before expenses (the "Placing").  The Placing Shares
represent approximately 7.5 per cent. of the existing issued share capital of
the Company.

The Placing has been undertaken to meet market demand for the stock and the net
proceeds will be used primarily for working capital purposes, for use in
marketing the Company's online products and services in order to attract new
non-US customers.

Application has been made to the London Stock Exchange for the Placing Shares to
be admitted to trading on the Alternative Investment Market of the London Stock
Exchange ("AIM").  The Placing Shares will rank pari passu with the existing
ordinary shares in the share capital of the Company.

The Placing is conditional, inter alia, on the admission of the Placing Shares
to AIM becoming effective, which is expected to occur on 26th September 2006,
when dealings in the Placing Shares are expected to commence.
      
Commenting on the Placing, Thomas Taule, Executive Chairman of Interactive
Gaming Holdings, said:  "This successful Placing will enable the Group to
further accelerate customer acquisition and allow us to take IGH to the next
stage of our corporate development.  We are delighted to welcome our new
shareholders and thank our existing shareholders for their continued support."


                                    - Ends -


For further information:
Interactive Gaming Holdings Plc
John Heaton, Chief Executive                           Tel: +44 (0) 20 7745 6278
John.Heaton@igh.com                                                  www.igh.com
Tom Taule, Executive Chairman
tom@igh.com

Arbuthnot Securities
Nick Marsh, Corporate Finance                          Tel: +44 (0) 20 7012 2000
                                                   www.arbuthnotsecurities.co.uk

Media enquiries:
Abchurch Communications
Chris Lane / Franziska Bohnke                          Tel: +44 (0) 20 7398 7700
franziska.boehnke@abchurch-group.com                      www.abchurch-group.com


Notes to editors

Interactive Gaming Holdings plc is a leading online sports betting and casino
operator listed on the AIM market of the London Stock Exchange.

IGH provides its customers with a complete gaming experience offering seamless
integration between traditional sports betting and its casino products.

The Group's strategy is to enhance organic growth by focusing on selective
value-enhancing acquisitions within the online sports betting and gaming
sectors.  In addition to IGH's existing customer base, the company is actively
pursuing, under revenue share agreements, white-label opportunities with
significant brand names.

To date, IGH has made two acquisitions, namely Heathorns, the world's oldest
established bookmakers in March 2005, and Premier Bet, a fixed odds bookmaker
based in London, in August 2005.

The Group, in accordance with US legislation, does not have any operations in
the US nor accept bets from US citizens on any product.

Further information on Interactive Gaming Holdings can be found at www.igh.com


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

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