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Float for Phone Gambling Firm

UNITED KINGDOM – As reported by the Evening Standard: "A mobile phone gambling firm is close to appointing advisers for a flotation next year. Million-2-1, which runs text message lotteries for charities and sports gambling games, is expected to be valued at about £50m (US$86.6 million).

"…[Chief executive Chris Sheffield], a former IT consultant with Deloitte & Touche, said the firm was within days of finalising a £2m pre-flotation shares deal…"

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