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Full interview: Immotion plans fundraising following deal with Las Vegas resort

Immotion Group (LON:IMMO) has raised gross proceeds of £2.85mln from an 'oversubscribed' fundraising to accelerate its growth plans, and revealed it has inked a revenue-sharing deal with the MGM Mandalay Bay resort and casino in Las Vegas.

CEO Martin Higginson tells Proactive London what the deal means in terms of revenue now for Immotion and how demand within the sector has enabled the company to consciously make a move away from amusement arcades into higher-footfall, better quality leisure environments.

Immotion is also planning to launch a new range of ‘edutainment’ experiences in the second quarter aimed at zoos, science centres and museums.

Quick facts: Immotion Group

Price: 2.35 GBX

Market: AIM
Market Cap: £7.65 m


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Full interview: Immotion surpasses its break-even headset target as it signs...

Immotion Group PLC's (LON:IMMO) Martin Higginson tells Proactive London's Andrew Scott they've now inked contracts for over 430 of its virtual reality (VR) headsets after signing deals for 68 of the devices over the past week. The bulk of the new installations are due to occur over the first...

on 21/2/20

2 min read