Ritorno Plc invests in Low 6

27 December 2019

Ritorno Plc invests in Low 6

Ritorno plc (“Ritorno”), the investment company traded on the JP Jenkins Matched Bargain Facility and Chaired by Chris Akers, has invested £125,000 in Low 6 Limited (“Low 6”), the fast growing online gambling and entertainment business.  The investment has been made by way of a Convertible Loan Note which, on conversion, will give Ritorno a 6.25% stake in the Low 6.

Low 6 is an innovative digital pool betting platform.  With an ability to create huge jackpots for any sporting event, it engages players by producing winners every time.  Aimed at the low stake market, the Low 6 platform provides dynamic score boards and in-play options to ensure participants keep coming back.

Low 6 is currently gaining traction across a number of sports including football, darts and horse racing in the UK and NBA and NFL in the US.  At this time Low 6 is also negotiating access to other sporting franchises.

The proceeds of the investment will be used for general working capital purposes.

Chris Akers, who founded Sports Internet Group plc in March 1999 (which became SkyBet in a £300m takeover deal just 18 months later in July 2000), said: “I believe that Low6 has all the right ingredients to become one of the world’s leading micro betting propositions, capable of attracting a significant share of the millions of existing fantasy sports players, casual gamblers, existing totaliser bettors and the typical lottery participants looking for fun, casual, low stakes sports pool betting opportunities with potentially high returns.”

Jamie Mitchell, CEO of Low 6, added: “We are delighted to have sourced this investment from Ritorno. Chris Akers and his colleagues have a successful track record and we look forward to working with them in during the next stage of our development.”

Contacts:

Ritorno Plc

Chris Akers (Chairman and Chief Executive Officer)      +44 (0) 7767 775 888

JP Jenkins

Veronika Oswald / Paul Brown                                      +44 (0) 20 7469 0930 

https://jpjenkins.com/companies/ritorno-plc

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