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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.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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