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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."



Gambling News :

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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