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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 :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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