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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Interactive Gam | IGH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 1.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.00 | 1.00 |
| Top Posts |
|---|
Posted at 14/11/2007 11:00 by oneillshaun Interactive Gaming Holdings (IGH) has sold its Heathorns business to Jennings for an undisclosed sum, according to the Daily Telegraph city diary. The paper reports that Jennings has effectively come to the rescue of "several thousand" embattled Heathorns customers who had spent the best part of the summer attempting to get their money out of the now de-listed IGH. However, the report adds that the other "battered brands" of Premier Bet and Heathorns' VIP service are not included in the deal. "But when I call the administrators and IGH chairman, Tom Taule, for an update, it's back to the form book. They fail to call back (again)." |
Posted at 21/8/2007 11:30 by oneillshaun eGaming Morning Snapshot - 21 August NEWS: Interactive Gaming Holdings (IGH) has stopped taking bets and its executive vice-president and non-executive directors have resigned. In its announcement to the London Stock Exchange, IGH said the action was the result of the financial uncertainty announced by the company on Friday last week. Mitchell Petchenik and Robert Spriddell have resigned as executive vice president and non-executive director respectively. IGH said it was in continuing discussions with General Capital Venture Finance and another potential funder. Arbuthnot Securities has resigned as IGH's advisor, also with immediate effect. Company shares also continue to be suspended from trading on the Aim market, if IGH fails to appoint a new nominated advisor within a month, its shares will be cancelled from trading on Aim. The Premierbet and Heathorns sites, owned by IGH have been displaying notices saying that there are undergoing site maintenance |
Posted at 20/8/2007 11:09 by quinan Published: Friday, August 17, 2007 Online-Casinos.comIGH SUSPENDS TRADING Troubled sportsbook group cites financial difficulties In a move this week that several industry observers found unsurprising, the sportsbook group Interactive Gaming Holdings (IGH) has suspended trading on its shares on the London AIM, citing financial problems. In a statement explaining the decision, founder and executive chairman Thomas J. Taule, said it has become evident to the company that the GBP 400 000 of interim funding to be provided by General Capital Venture Finance Limited (see previous Online-Casinos.com/I The interim funding was needed by IGH to meet its near term working capital requirements and without it the company's financial position has become uncertain, Taule said. He added that every effort is being made to resolve the problems facing the company, which remains in discussions with GCVF and another potential funder. IGH operates the Premier Bet and Heathorns bookmaking companies, and previously raised capital from GCVF on two occasions in as many months in order to stay viable. It's been three months of turmoil for the group since its decision to relocate to the Malta jurisdiction, and the resignation of CEO John Heaton at the end of May, leaving control of the company in the hands of a board of directors composed of Taule, executive vice president Mitchell I. Petchenik and non executive director Robert Spriddell. The company listed on the London Stock Exchange AIM market in March 2004 and acquired Heathorns, claimed to be the world's oldest established bookmakers in March 2005, and subsequently relaunched its on-course betting presence in July 2005 at Newbury Racecourse. In August 2005, IGH acquired Premierbet, a fixed odds bookmaker based in London. |
Posted at 19/8/2007 20:39 by multisync 5 Woofy, you do not need to apologise for sounding negative. It looks very negative at this junction and indeed management have disappointed on some fronts. They have also achieved some milestones too, e.g. with Orbis and topline sales growth.In addition, I have seen companies like 32Red (TTR) in the same industry, mess up in a much bigger way than IGH following the acquisition of betdirect from Sportech (More info at the end) TTR are imo, finally implementing the restructuring needed to turnaround the business. And over time (1 year) the city has regained confidence in them. As regard IGH, it is also possible, but radical management changes are required (this appears to be in progress too), imo. IGH has strong potential as the topline demonstrates and gross profits too. All that is holding IGH back is the bottom line so far. We know cost have been dramatically reduced H2/07, margins increasing, and customer re-rating is currently underway. Developments currently do not inspire confidence. But things do change, if driven and brought about. I am keeping an open mind. I also suspect the AGM/EGM will be interesting (if physically voted at). IGH could very well go burst. But if that happens, it is my view that GCVF would not recover their investment. This is why I am inclined to think it is not in GCVF's best interest to withhold support having come this far. It is a sum I also suspect they can afford to right off but have no history of doing without merit. If I was GCVF, my best option at this time would be to buy the company outright and make the changes required to realize IGH's potential like TTR. Observing with interest no doubt. Info on TTR Warning Results Financial restructuring Results so far. Fell from 175p to 21p. Currently heading north at 43p. |
Posted at 18/7/2007 15:05 by power talker Interactive Gaming Exercise of WarrantsRNS Number:6943Z Interactive Gaming Holdings PLC 05 July 2007 Press Release 5 July 2007 Interactive Gaming Holdings Plc ("IGH" or the "Company") Exercise of Warrants Interactive Gaming Holdings PLC, the online sports betting and gaming operator, has today received notice to exercise, from General Capital Venture Finance Limited ("GCVF"), in relation to 10,000,000 warrants ("Warrants") to subscribe for ordinary shares of 1p each in the Company ("Shares") (representing 10.4% of the enlarged ordinary share capital) for 2.5p per Share. Upon satisfaction of the terms of the warrant exercise an application will be made for the new 10,000,000 Shares to be admitted to trading on AIM, which will be notified in due course. As detailed in the announcement dated 24 May 2007 GCVF was granted 12,000,000 Warrants to subscribe for Shares at 2.5p each as part of a #600,000 credit facility agreement with GCVF (the "Agreement"). Following the exercise referred to above GCVF will retain a balance of 2,000,000 Warrants exercisable at any time until 10th April 2012. GCVF also intends to request the appointment of a GCVF non-executive director representative to the Board of IGH as entitled to under the Agreement. Jonathan Hill, executive Deputy Chairman of General Capital, commented: "Over recent weeks we have worked very closely with IGH in evaluating their strategic options for the future of the Company. We are very pleased to have become shareholders in IGH and look forward to be working with them in the future." Thomas Taule, Executive Chairman of IGH, said: "We are delighted with General Capital's support and their decision to exercise their warrants. We believe this demonstrates their confidence in our potential and intended strategy going forward." |
Posted at 18/7/2007 14:14 by power talker Lots of potential here, IGH have given themselves and their share holders a rough ride recently, this i believe is reflected in the low company valuation at present.Jonathan Hill, executive Deputy Chairman of General Capital, commented: "Over recent weeks we have worked very closely with IGH in evaluating their strategic options for the future of the Company. We are very pleased to have become shareholders in IGH and look forward to be working with them in the future." Thomas Taule, Executive Chairman of IGH, said: "We are delighted with General Capital's support and their decision to exercise their warrants. We believe this demonstrates their confidence in our potential and intended strategy going forward." It appears that General Capital have decided IGH are worth backing and i think we can now start to look forwards to some good share price growth. |
Posted at 05/7/2007 07:05 by pomp circumstance Heres a boost!!!Interactive Gaming Holdings PLC 05 July 2007 Press Release 5 July 2007 Interactive Gaming Holdings Plc ('IGH' or the 'Company') Exercise of Warrants Interactive Gaming Holdings PLC, the online sports betting and gaming operator, has today received notice to exercise, from General Capital Venture Finance Limited ('GCVF'), in relation to 10,000,000 warrants ('Warrants') to subscribe for ordinary shares of 1p each in the Company ('Shares') (representing 10.4% of the enlarged ordinary share capital) for 2.5p per Share. Upon satisfaction of the terms of the warrant exercise an application will be made for the new 10,000,000 Shares to be admitted to trading on AIM, which will be notified in due course. As detailed in the announcement dated 24 May 2007 GCVF was granted 12,000,000 Warrants to subscribe for Shares at 2.5p each as part of a £600,000 credit facility agreement with GCVF (the 'Agreement'). Following the exercise referred to above GCVF will retain a balance of 2,000,000 Warrants exercisable at any time until 10th April 2012. GCVF also intends to request the appointment of a GCVF non-executive director representative to the Board of IGH as entitled to under the Agreement. Jonathan Hill, executive Deputy Chairman of General Capital, commented: 'Over recent weeks we have worked very closely with IGH in evaluating their strategic options for the future of the Company. We are very pleased to have become shareholders in IGH and look forward to be working with them in the future.' Thomas Taule, Executive Chairman of IGH, said: 'We are delighted with General Capital's support and their decision to exercise their warrants. We believe this demonstrates their confidence in our potential and intended strategy going forward.' |
Posted at 26/6/2007 09:30 by pomp circumstance Shouldnt we hear about un suspension as well?Commenting on the Results, Thomas Taule, Executive Chairman of Interactive Gaming Holdings, said: "2006 has been a transformational year for IGH. With turnover significantly increasing to #32.9 million, we are confident that the Group now has the scale and expertise to reach profitability in the near future. Much focus has been placed on the continued advancement to our technology platform which went live in April 2006. Highlights * Turnover for the year up to #32.9 million (2005: #8.1 million) * Gross margins increased to 5.4% (2005: 3.1%) * Gross Profit up to #1.8 million (2005: #0.25 million) * Continuing cost reductions through synergies and streamlining of operations taking effect from Q3 2006 * Launched PremierBet and Heathorns Casinos * White label agreements signed with Betinio and Maharajah Sports ==================== On 21 April 2006, the Group raised #563,562 from a placement of 9,392,699 new ordinary shares at six pence per share. In addition, a loan of #65,659 from Blue Lizard Commercial Limited was converted into 1,094,320 new ordinary shares six pence per share. On 21 September 2006, IGH raised approximately #300,000 through the issue of 6,000,000 new ordinary shares at five pence per share. The monies raised from these placings have been put towards marketing programmes to increase new customer acquisition numbers and to satisfy market demand for stock. On 24 May 2007, IGH arranged and met all conditions for a #600,000 credit facility with General Capital Venture Finance Limited. IGH has drawn down the full amounts available under this Facility. . IGH intends to raise additional funding as appropriate for working capital requirements and marketing post the transfer of operations to Malta. |
Posted at 04/6/2007 11:59 by quinan Well well well looks like we are going for the tax free option? And maybe John did not want to relocate, also the £600k must be part of the relocation costs, long term savings, so it might not all be doom and gloom. Interactive Gaming Directorate Change RNS Number:7127X Interactive Gaming Holdings PLC 04 June 2007 Press Release 4 June 2007 Interactive Gaming Holdings Plc ("IGH" or "the Group") Transfer of operations to Malta and Directorate Change Interactive Gaming Holdings Plc (AiM: IGH), the online sports betting and gaming operator, today announces that based on the recent clarification to the 2005 Gambling Act, the Board has taken the decision to relocate its operations to Malta, a location with a more defined regulatory environment. The Company already has an operational base in Malta and the combination of the Maltese and UK operations is expected to lead to significant cost reductions. This move is not expected to incur any significant exceptional costs. After the Board's decision to relocate operations to Malta, John Heaton tendered his resignation as Chief Executive on 25 May 2007. Thomas Taule, Executive Chairman, will resume the management of the day to day operations of IGH. Thomas Taule, Executive Chairman, commented: "The operational relocation of licensable activities to Malta will ensure IGH's compliance with regulatory requirements as well as enhance long-term cost savings to the Group. I would like to thank John for his contribution to the business to date and wish him well in the future." -Ends- For further information: Interactive Gaming Holdings Plc Tom Taule, Executive Chairman Tel: +44 (0) 20 7745 6276 Tom@igh.com www.igh.com Media enquiries for Interactive Gaming Holdings Plc: Abchurch Chris Lane / Franziska Bohnke Tel: +44 (0) 20 7398 7700 franziska.boehnke@ab About IGH Interactive Gaming Holdings plc is a leading online sports betting and casino operator listed on the AIM market of the London Stock Exchange. IGH provides its customers with a complete gaming experience offering seamless integration between traditional sports betting and its casino products. The Group's strategy is to enhance organic growth by focusing on selective value-enhancing acquisitions within the online sports betting and gaming sectors. In addition to IGH's existing customer base, the Company is actively pursuing, under revenue share agreements, white-label opportunities with significant brand names. To date, IGH has made two acquisitions, namely Heathorns, the world's oldest established bookmakers in March 2005, and Premier Bet, a fixed odds bookmaker based in London, in August 2005. The Company, in accordance with US legislation, does not have any operations in the US. Further information on Interactive Gaming Holdings can be found at www.igh.com This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 24/5/2007 14:53 by quinan Just seen the news IGH have secured financing Interactive Gaming Facility Agreement RNS Number:1926X Interactive Gaming Holdings PLC 24 May 2007 Press Release 24 May 2007 Interactive Gaming Holdings Plc ("IGH" or "the Group") Facility Agreement and Granting of Warrants Interactive Gaming Holdings PLC ("IGH"), the online sports betting and gaming operator, is pleased to announce that it has successfully arranged and met all conditions for a #600,000 credit facility (the "Facility") with General Capital Venture Finance Limited ("GCVF"). IGH has drawn down the full amounts available under this Facility. The Facility will be used to fund, amongst other things, IGH's working capital requirements. The Facility carries an interest rate of 1.25% per month which will accrue daily from the date of drawdown under the Facility and is payable monthly in arrears. The Facility is secured on the assets and monies of IGH. The repayment date of the Facility is 10th April 2010 (the "Repayment Date"). Under certain exceptional conditions relating to, amongst others, the ownership and financial position of IGH the Facility shall be immediately repayable by IGH. Subject to a payment by IGH of an early repayment fee and giving GCVF appropriate notice, IGH may, at its absolute discretion, prepay all or part of the Facility at any time preceding the Repayment Date. In addition to the security given by IGH to GCVF, IGH has also created and issued share warrants giving GCVF the right to acquire 12,000,000 ordinary shares in the capital of IGH (the "Warrants"). The Warrants can be exercised at any time from drawdown under the facility until 10th April 2012 for an exercise price of 2.5p per ordinary share. No application has been or will be made to any Recognised Investment Exchange for the listing of, or for permission to deal in, the Warrants. Commenting, Thomas Taule, Chairman of Interactive Gaming Holdings, said: "We're pleased to announce the completion of this fundraising. GCVF have shown real confidence in the Company and we look forward to a lasting beneficial relationship with them." For further information: Interactive Gaming Holdings Plc Thomas Taule, Executive Chairman Tel: +44 (0) 207 745 6273 Tom@igh.com www.igh.com Media enquiries: Abchurch Chris Lane / Franziska Bohnke Tel: +44 (0) 20 7398 7700 franziska.boehnke@ab |
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