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Seahouses has advised the Fairground that it has no intention to operate the business of the Spin Palace Group in the United States
Unfortunately, It doesn’t appear that they are re-entering the U.S. market.
Hopefully, this will change.Hi All
We are indeed heading back to private ownership although the plan is not to go back into the States. We are going to continue to look to grow the business in Europe, Asia and the English speaking countries outside the US.
The first benefit affiliates will see from this deal should hopefully be the release of the reserves that have been held by Faiground through the payment plan. The implementation of the payment plan was a Fairground decision that we had to comply with. Once we are out from under Fairground’s control then I’m very confident that we’ll be able to release all of the funds that are owing in the next payment plan.
I’ll keep you updated on this situation and should hopefully have some news for you shortly.
Best regards,
Tim Whyles
