IGH Interactive Gam

RNS Number:6943Z
Interactive Gaming Holdings PLC
05 July 2007


Press Release                                                       5 July 2007


                        Interactive Gaming Holdings Plc

                            ("IGH" or the "Company")

                              Exercise of Warrants

Interactive Gaming Holdings PLC, the online sports betting and gaming operator,
has today received notice to exercise, from General Capital Venture Finance
Limited ("GCVF"), in relation to 10,000,000 warrants ("Warrants") to subscribe
for ordinary shares of 1p each in the Company ("Shares") (representing 10.4% of
the enlarged ordinary share capital) for 2.5p per Share.  Upon satisfaction of
the terms of the warrant exercise an application will be made for the new
10,000,000 Shares to be admitted to trading on AIM, which will be notified in
due course.

As detailed in the announcement dated 24 May 2007 GCVF was granted 12,000,000
Warrants to subscribe for Shares at 2.5p each as part of a #600,000 credit
facility agreement with GCVF (the "Agreement").  Following the exercise referred
to above GCVF will retain a balance of 2,000,000 Warrants exercisable at any
time until 10th April 2012.

GCVF also intends to request the appointment of a GCVF non-executive director
representative to the Board of IGH as entitled to under the Agreement.

Jonathan Hill, executive Deputy Chairman of General Capital, commented:  "Over
recent weeks we have worked very closely with IGH in evaluating their strategic
options for the future of the Company.  We are very pleased to have become
shareholders in IGH and look forward to be working with them in the future."

Thomas Taule, Executive Chairman of IGH, said:  "We are delighted with General
Capital's support and their decision to exercise their warrants.  We believe
this demonstrates their confidence in our potential and intended strategy going
forward."


For further information:
Interactive Gaming Holdings Plc
Tom Taule, Executive Chairman                          Tel: +44 (0) 20 7745 6273
Tom@igh.com                                                          www.igh.com

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

Arbuthnot Securities
Nick Marsh / Paul Vanstone                             Tel: +44 (0) 20 7012 2000



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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