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Optimal to buy back outstanding shares of online gambling payment processor

The outstanding shares of FireOne Group, the company operating the online casino e-wallet FirePay, will be bought back by Optimal Group. Optimal, which was the company that listed the shares of FireOne on London's Alternative Investment Market and currently retains 74% of their shares, has publicly announced their intentions to buy back any outstanding.

Shares of FireOne crashed, pluming down more than 3 times the day after the Unlawful Internet Gambling Enforcement Act was passed by the US Congress and now trade at around 53.5p

FirePay pulled out of the US market after the UIGEA was passed, and according to their independent committee - the only way they can deliver some return to their shareholder is by a sale of the business.

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