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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 :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
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 -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
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 -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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