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Nasdaq warns that delisting a possibility for WPTE

The tough time that World Poker Tour Enterprises Inc is currently going through could have repercussions in terms of the firm's Nasdaq listing; if a daily closing share price under $1 continues to be experienced over thirty consecutive business days, the American exchange can force a delisting.
 
WPT announced this week that it had received a Nasdaq Staff Determination Letter on August 14 warning the company that it is not in compliance with the minimum stock listing price requirements.
 
"This notification has no effect on the listing of the company's common stock at this time," WPTE emphasised in a press release.
 
WPTE has 180 calendar days to regain compliance, which means that its common stock must remain above $1 for a minimum of 10 consecutive days.
 
"The company will continue to execute its business plan to provide an opportunity to demonstrate value to the investment community and regain NASDAQ compliance," the WPTE statement advised.
 
Earlier this month the company released a disappointing revenue report for the second quarter of the year (see previous InfoPowa report). The company saw another drop in its revenue from $7.7 million in the second quarter of 2007 to $5.1 million in the same period this year.
 
According to the WPTE the losses were primarily a result of a drop in domestic television licensing fees, which resulted from lower per-episode license fees under the GSN agreement compared to the previous Travel Channel deal in 2007, together with a decline in hosting and sponsorship revenues. The company has also struggled with its online poker operations following software changes.



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.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

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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