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IN-GAME BETTING COMPANY IN TROUBLE
Bad news from Global Interactive Gaming Limited parent group Interactive Systems Worldwide Inc (ISWI), this week is that the company cannot file its quarterly report for the period ended 30 June 2008. The company cites a lack of financial resources and the anticipated expenses associated with the preparation, independent auditor review and filing of the report as the cause.
GIG's SportXction in-game betting software is used by several of the big sports betting names in UK gambling, yet the parent company is clearly struggling to make ends meet in a tough market, and will soon cease trading on the OTCBB, although it will be quoted on the Pink Sheets.
If and when a quarterly report becomes possible, company statements indicate that it should show that Interactive Systems Worldwide believes that it achieved an increase in revenues and a decrease in net operating loss for the three months ended 30 June 2008 when compared to the same period in 2007.
If the company is not able to find new financing or enter into a strategic transaction, it may have to cease operations. However if its financial condition improves sufficiently, the company intends to file Form 10-QSB and regain compliance for quotation on the OTCBB, CEO Bernard Albanese has indicated.
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US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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