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Inspired gaming Update
11/9/09 - The UK server based gaming supplier Inspired Gaming plc has issued a trading update claiming that its business has stabilised and recovered in the year to September 26 2009, following an “exceptionally difficult” 2008. The company also announced a capital reorganisation aimed at simplifying the capital structure and improving liquidity in the stock.
Inspired reported that all four divisions of its business have performed well. Machine incomes have proven broadly resilient in the face of the consumer downturn, with some weakness in the Leisure division's machines in bowling alleys, compensated by strength in the Betting and Bingo/Casino divisions and new contract wins in Virtual Racing Systems.
The directors remain cautious about wider consumer trends but are optimistic about the growth opportunities for the company.
Inspired Gaming announced in July that it had received an approach which may or may not lead to an offer being made for the company (see previous InfoPowa reports). Discussions continue with a number of parties regarding possible offers for the whole group or parts of it.
"The board has been concerned for some time that the company's capital structure is complicated and believes that it may have contributed to the relatively low liquidity in trading in the listed ordinary shares and preference shares and to shares trading below the true value of the company," the update reads.
"Following discussions with some of its larger shareholders, the board is recommending that the share capital be reorganised into one class of new ordinary shares which are held approximately 90 percent by preference shareholders and 10 percent by the ordinary shareholders.
"It is expected that the share capital reorganisation will be completed and that the new ordinary shares will replace the currently traded shares on AIM on November 27 2009."
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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