IGH Interactive Gam

RNS Number:1926X
Interactive Gaming Holdings PLC
24 May 2007


Press Release                                                      24 May 2007

                        Interactive Gaming Holdings Plc

                              ("IGH" or "the Group")

                  Facility Agreement and Granting of Warrants


Interactive Gaming Holdings PLC ("IGH"), the online sports betting and gaming
operator, is pleased to announce that it has successfully arranged and met all
conditions for a #600,000 credit facility (the "Facility") with General Capital
Venture Finance Limited ("GCVF").  IGH has drawn down the full amounts available
under this Facility. The Facility will be used to fund, amongst other things,
IGH's working capital requirements.

The Facility carries an interest rate of 1.25% per month which will accrue daily
from the date of drawdown under the Facility and is payable monthly in arrears.
 The Facility is secured on the assets and monies of IGH.

The repayment date of the Facility is 10th April 2010 (the "Repayment Date").
Under certain exceptional conditions relating to, amongst others, the ownership
and financial position of IGH the Facility shall be immediately repayable by
IGH.  Subject to a payment by IGH of an early repayment fee and giving GCVF
appropriate notice, IGH may, at its absolute discretion, prepay all or part of
the Facility at any time preceding the Repayment Date.

In addition to the security given by IGH to GCVF, IGH has also created and
issued share warrants giving GCVF the right to acquire 12,000,000 ordinary
shares in the capital of IGH (the "Warrants").  The Warrants can be exercised at
any time from drawdown under the facility until 10th April 2012 for an exercise
price of 2.5p per ordinary share.

No application has been or will be made to any Recognised Investment Exchange
for the listing of, or for permission to deal in, the Warrants.

Commenting, Thomas Taule, Chairman of Interactive Gaming Holdings, said: "We're
pleased to announce the completion of this fundraising.  GCVF have shown real
confidence in the Company and we look forward to a lasting beneficial
relationship with them."


For further information:
 Interactive Gaming Holdings Plc
 Thomas Taule, Executive Chairman                     Tel:  +44 (0) 207 745 6273
 Tom@igh.com                                                         www.igh.com

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





About IGH

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 Company, in accordance with US legislation,
does not have any operations in the US.

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
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