Leisure & Gaming Share Discussion Threads

[oneillshaun] 29/7/2010 16:04

Jack that is a pretty huge deal.

[captain jack harkness] 29/7/2010 12:19

partygaming and bwin to merge


prty up 23%
nice deal!

Jack

[oneillshaun] 29/7/2010 11:01

Yes Colin went to the Nomad and told them that the company did not have enough money to operate he then quit. That is fact.

[valustar1] 29/7/2010 08:51

Oneillshaun

You are going to look very silly if they have not run out of money

Are you very sure you know the facts, or would you like it to be a fact

I have never known a company that has run out of money to be still trading!!!

[trendfloor] 28/7/2010 23:43

Get the FSA on her.

[trendfloor] 28/7/2010 23:43

burgerbarwomen started this cr4ap about runing out of money.

Should she be reported??????????????????????????????????

[bleepy] 28/7/2010 23:41

HR 2267 Online Gambling Bill Passes in Subcommittee: 41-22 Vote

[bleepy] 28/7/2010 23:39

Cyprus Government Moves to End Online Gambling

The government draft bans online games like roulette, poker, and fruit machines.
It will also regulate internet betting – games such as football or other sporting events – and companies offering such bets will be licensed by the state.

[investmentguru] 27/7/2010 11:56

"and who says major investors arent doing anything have you asked them???"

So what have they done then, Jack?

[adh0] 26/7/2010 21:20

I dont know why the shares were suspended, but I dont think they ran out of cash.

I have seen what happens when Bookmakers have a cashflow problem and/or eventually go bust and that didnt happen here.

I have no idea what the real story is though. Fortunately I dont have many shares here though if I did have I WOULD want the full story.

[oneillshaun] 26/7/2010 17:28

Captain Jack Harkness - Tell us the facts then?

[captain jack harkness] 26/7/2010 16:56

think what u like shaun
but its like i said

anyone who thinks l&g ran out of cash
doesnt really know why the shares were suspended

Jack

[oneillshaun] 26/7/2010 16:31

Captain Jack Harkness - are you for real, read the below....

It is also fact that Colin went to to the Nomad and stated that LNG could not meet financial commitmnets, so sorry mate but it seems your info is wrong.

--------------------------------------------------------------------------

RNS Number : 3010M
AIM
21 May 2010

?




NOTICE

(256)

21/05/2010 7:00am

TEMPORARY SUSPENSION OF TRADING ON AIM

LEISURE & GAMING PLC

At the request of the company trading on AIM for the under-mentioned securities
has been temporarily suspended from 21/05/2010 7:00am pending clarification of
the company's financial position.

[captain jack harkness] 26/7/2010 16:14

anyone who thinks l&g ran out of cash doesnt know the real story!!!

and who says major investors arent doing anything
have you asked them???

Jack

[investmentguru] 26/7/2010 11:56

So the CEO and other directors are still on full pay after running the company into the ground? Amazing.

Have to say I'm surprised too that the major PIs haven't taken any action, they used to pride themselves on their shareholder activism.

[oneillshaun] 23/7/2010 16:32

LDMachin - I agree plus other costs that we have no idea about, i am just finding it very strange that people like Cliff and crew hold such a huge % of this compnay yet they have not asked for EGM at least to clarify the situation with shareholders.

Very odd but i guess we will find out soon enough.

[ldmachin] 23/7/2010 16:23

oneillshaun,

Of more of a concern i think are the debts, as of 31st December 2009:

Bank borrowings: 0.9m euros
Loan notes: 0.3m euros (Good old kind hearted Gabriel C's loan).



That's 1.2m euros + 6 months worth of interest on it that LNG owe. As we know the cash position has gone to bits, that's why they are suspended. And any cash that LNG do have is tied up in the Escrow account (no money in escrow account = no trading in italy = no business. So using that monies is out of the question).

Not too mention the running costs of the business since the start of the year (they still around 1m euros a quarter?). Also, not too mention the development contracts they would have signed (software development) which will require their interim and final payments...

... a lot of wolves need feeding and i can't imagine they will be too patient.

Let's hope that Italian Betshop customers didn't get wind that the owner company (LNG) is in trouble, and that they still use Betshop, instead of doing a 'bank run' quick exit on Betshop.

[oneillshaun] 23/7/2010 16:09

Jack - I dont think the WC was that good, i got the meesage that LNG had no cash to run the operations of the business so I do not expect that they made that much over the WC maybe €500 - €600k tops so that will deal with th salary bill for a couple of months but what about the rest of the business?

[captain jack harkness] 23/7/2010 15:16

prem season starts on 14/08
3 wks till footie betting floods in again

l&g shld made it thru the weakest part of the yr
soon back to decent volumes again.....

Jack

[bleepy] 23/7/2010 15:05

If trends in previous years are repeated again this year July will see a further slight fall before things pick up again in August when Italians start drifting back to work after their summer holidays.

Nevertheless operators can be pleased that online spending did increase almost 40 percent year-on-year in June, and it was not just sports betting that saw positive growth.

While the World Cup led to an annual increase in stakes of 62 percent (to €100m), skill games and poker also grew 30 percent to €246m and online bingo spend remained in double figures (€10.1m).

[captain jack harkness] 23/7/2010 11:57

oneillshaun you are right!!!

Healthy Margins Soften Italy's Summer Betting Slump


Jack