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BINGO.COM LTD SHAREHOLDER SELLS OFF SHARES
Shares sold to non-US residents in private deal
Following the release of Bingo.com's mediocre third quarter results, shareholder Praetorian Capital Management has sold off all of its shares.
The 8,675,999 shares represented 13.58 percent of the issued and outstanding shares of Bingo.com Ltd and were valued at $477,180. The shares were bought by non-US residents in a single, private and un-brokered transaction.
"We would prefer not to be exiting this investment at this time, however tax considerations played a significant part in our decision and its timing," said Harris Kupperman, CEO of Praetorian Capital Management.
Tarnie Williams, CEO of Bingo.com Ltd went on to say "We look forward to a similarly productive relationship with the purchasers of Praetorian Capital Management's holdings.”
Gambling News :
Live Dealer Now At Slotocash -
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Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
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MPN Poker Tour Morocco Day 1A -
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2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
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Poker Yaar Joins MPN -
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