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Intertain Investigates short selling

Wednesday December 23,2015 : INTERTAIN PRESSES AHEAD WITH INVESTIGATION INTO ALLEGED SHORT-SELLER ACTIVITY (Update)
 
Company's independent investigation committee has already uncovered misleading inaccuracies in Spruce Point report.
 
Canadian online gambling group Intertain has wasted no time in setting up an independent investigating committee to look into allegations of misleading reportage and short selling by Spruce Point.
 
The committee, which consists of non-management directors David Danziger, Stan Dunford and Mark Redmond, in conjunction with the committee's independent advisors has already furnished a preliminary update as work continues, claiming to have already discovered inaccuracies in the Spruce Point report of December 17 that could have contributed to the dramatic fall in Intertain's share price.
 
The committee's brief is to evaluate the information that the short seller disseminated after it, and its affiliates, had established a short position in the Intertain's common shares, which provided them with a significant financial self-interest in precipitating a decline in the company's share price.
 
The Board of Directors has requested a thorough review of the report in order to ensure that the marketplace has the most accurate information possible and that the company responds appropriately to the report. Irrespective of the source of the information, the committee will exercise its authority to fully review the matter.
 
In a statement Wednesday, the committee informed shareholders that, even at this initial stage of its review, it has become clear that the short seller's report contains "numerous factual inaccuracies and mischaracterizations of data."
 
Once the committee's work is complete, Intertain will publicly disclose the outcome of the review, and the company will take all actions necessary and appropriate to protect its interests and those of its shareholders. Intertain says it does not intend to comment further on these matters until the committee's review has concluded.
 
Intertain has advised investors not to rely on the short seller's report pending the completion of the committee's review.

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Gambling News :

Update on Anti Online Gambling bill S.3376 - More detail is emerging on Senate bill S.3376 and its author, Senator Tom Cotton, indicating that Cotton has in the past (2015) signed as a sponsor for Sheldon Adelsons Restoration of Americas Wire Act and opposes the legalisation of online gambling in the United States.

Anti Gambling bill S. 3376 - #s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

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