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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: 3.35 GBX

AIM:IMMO
Market: AIM
Market Cap: £12.71 m
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Immotion CEO says opening of flagship 'Ocean Explorer' at Mandalay Bay is...

Immotion Group PLC's (LON:IMMO) Martin Higginson speaks to Proactive London following the announcement its largest installation to date has opened for business in Las Vegas. The 'Ocean Explorer Virtual Reality Theater' in the Shark Reef Aquarium at Mandalay Bay Resort and Casino, is a 36-seat...

on 4/8/20

2 min read