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Cites identification of possible financial irregularities
Following an earlier report this week of the resignation of major shareholder and chief executive Conor Foley WorldSpreads Group PLC has announced the suspension of its shares from trading on AIM, citing the identification of what it terms as "possible financial irregularities" coming to light as a result of a Group financial review.
It’s been a bumpy road for WorldSpreads with the recent issuing of a profit warning on its second half Financial Year earlier this month, along with the announcement of the resignation of its chief financial officer Niall O'Kelly.
Earlier this week the Group announced the appointments of Lindsay McNeile as executive chairman of WorldSpreads and WorldSpreads Ltd and Dominic Bacon as general counsel and group head of compliance.
Trading will remain suspended until the Group and its advisors have undertaken further in-depth financial investigations.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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