The Nordic Stock Exchange has approved 5050 Poker Holding’s application for delisting from Nasdaq OMX First North. 5050 will cease trading on July 20th. Talks of selling the struggling company have so far fallen through. Earlier this month, it was reported that 5050Poker paid €150,000 in fines to the Microgaming network using players funds.
In addition, EGR reported that 5050 was accused of providing false information to
Microgaming on everything from its assets to operational costs. Microgaming terminated its agreement with 5050 after the misuse of player funds. 5050Poker does not have enough funds on hand to pay players: the company is in the process of being liquidated.