No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Fouad (Foo) Katan and John Corre, respectively CEO and chairman of online gambling software provider Playwize plc, have announced that all trading in the company's stocks has been halted, and all employees made redundant. The company has been struggling since 2006, and is thought to be another victim of the US ban on financial transactions with online gambling companies (UIGEA)
The move is a likely precursor to the firm and its subsidiaries Bits Studios Ltd; Playwize Games Ltd; Pokerwize Ltd and Magnet Limited going into administration, as it had mounting losses, a declining stock price and significant debt believed well in excess of GBP 1.5 million.
Although there has been little overt activity in the company since its reported agreement a year ago to provide 3D poker software to UK gambling group Ladbrokes, CEO Katan reported as recently as May this year that the company had secured an extension of a longstanding GBP 700 000 loan facility from the Headstart Global Fund and Headstart Global Aggressive Fund.
The extension agreement required that Playwize repay the outstanding interest that has accrued during the initial two year term of the facility, together with other fees and expenses. Having executed these payments, the outstanding loan notes, totalling GBP 700 000 were extended for a further 12 months at 9.5 percent interest. But further draw downs from the original facility were halted.
The company's stock price went from highs around GBP 2.80 to less than 2p over the past year.
In July this year the company suspended trading in its shares on London's AIM market "pending clarification of its current financial position." This was followed on October 23rd with the announcement that all trading had ceased and all employees had been made redundant.
Chairman John Corre commented: "Due to very disappointing trading results, and the substantial losses incurred as a result, the Playwize group has ceased all trading operations and made all of its employees redundant.
"In order to raise sufficient funds to pay creditors, the board of directors of the Company has decided to seek shareholder approval for the sale of the proprietary software technology and other assets owned by the Company and its subsidiaries, and contracts have been signed for the sale of these assets subject to the aforementioned approval being granted in a general meeting of the Company.
"Following completion of the sale, and after settling all creditors (other than its existing convertible loan notes), the Company will have approximately GBP 40 000 cash remaining in the bank. This amount is subject to the debenture in favour of the Headstart funds given by the Company as security for the GBP 700 000 of convertible loan notes issued by the Company to Headstart, which are outstanding and have accrued interest of a further GBP 25 000 to date.
"Headstart has agreed to consider any request from a company which has been identified as a suitable target for the Company to acquire by way of a reverse takeover, to convert their existing outstanding loan notes into Ordinary Shares. The Company has also reached an agreement in principle with Headstart for Headstart to make a further GBP 250 000 facility available to the Company at a future date to be agreed, for the purpose of ensuring the attractiveness of the Company as a vehicle for a reverse takeover."
In a difficult market, the possibilities of finding a buyer for what remains of the company are probably limited, but Playwize has more than just online gambling software going for it. The company had a track record of designing, developing and leveraging software for the video entertainment and gaming industry.
It developed video games for XBOX, PS2 and Nintendo consoles that included Constantine, Rogue Ops, Die Hard Vendetta, Sega Arcade Gallery, Warlocked and R-Type DX..
The firm's 3D online poker games featured real-time voice chat, full statistics calculators and tutorials with TV and poker celebrity Helen Chamberlain. Game brands include Pokerwize Poker and Casino, Payout Poker and Casino.
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.
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.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.