| Gaming Company Suspends Shares Amid Rumours of Financial Problems |
| Friday, 17 September 2010 09:01 |
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Devilfish Gaming Plc, the parent company of Devilfish online gaming websites requested earlier this week that the shares in the company be suspended “pending clarification of its financial position”. The company which was re-launched in March 2008 runs online poker, an online casino and online bingo and is listed on the London’s PLUS market. Articles in the media this week suggest that the company is having financial dificulties which comes as no surprise. Reports this year from a variety of online gaming companies have suggested that online poker revenues are in decline and with details surfacing of ‘cheating’ in online poker the future for online poker operators looks uncertain. In a statement from the board of Devilfish Gaming Plc the company added: “The Board is in discussions with its advisers regarding options for either selling or restructuring the Company and possible sources of new working capital.”
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