The investment company expects to raise an initial £3.6m, which will be invested to build up a portfolio of internet-based casinos, bingo and skill-based gaming firms.
Fairground Gaming, which has a close relationship with Microgaming, was formed with the specific purpose of taking advantage of expected consolidation within the online gaming sector.
“We see significant opportunities for a consolidator such as Fairground Gaming to target and attract relatively small operators and to create a sizeable and synergistic business model to capitalise upon the market potential,” said the company’s Chief Executive Evan Hoff.