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Celsius Coal drops mining in favour of iGaming with Favourit acquisition

28th October 2015 10:26 am GMT

Celsius Coal, an Australian company previously focused exclusively on the mining industry, has taken aim at the online gaming market with an agreement to acquire sports betting platform provider Favourit.

The deal marks a major shift in direction for Celsius, which will look to divest its remaining interests in mining ventures or have them maintained by a strategic partner in order to focus entirely on developing the Favourit offering. 

A number of Favourit’s directors and executives - Martin Dalgleish, [...]

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