Preaespe plc (formerly Aldgate Capital) has revealed a new adult gaming centre chain for the UK market under the brand Cashino.

The launch follows the rebranding of the company and acquisition of 31 venues from HJM Caterers in July. Commenting on the rebranding, Preaesepe AGC division managing director Jonathon Hughes said: “Cashino is a great name for our brand of low stake, high volume, fun and secure adult gaming.”

Company chief executive officer Nick Harding added: “We are delighted that the government is reviewing stakes and prizes for Category C machines, which represent the majority of equipment we operate in our centres.”

Preasepe has also announced plans to extend its presence into Europe with its portfolio of locations covering slots, sports betting, bingo and online gaming and is targeting markets such as the Czech Republic, Spain, Italy, the Netherlands and Germany.