Premierbet sportsbook taken off-line; principals resign
Premierbet (SBR rating D-) sportsbook taken off-line; principals resign
Premierbet.com currently displays the message: "Premierbet regrets our site is temporarily unavailable for essential maintenance work. We apologise for any inconvenience this may have caused and will be back as soon as possible.." yet the parent company, Interactive Gaming Holdings released a statement yesterday saying that it stopped taking wagers due to a lack of funding. IGH subsidiary, Heathorns is also off-line displaying a similar message. IGH's stock was suspended on August 17th, 2007.
Interactive Gaming Holdings PLC: The Company announces that as of today it has ceased to take bets pending clarification of the financial uncertainty notified on 17 August 2007. The Company is continuing its discussions with General Capital Venture FinanceLimited and another potential funder.
Mitchell Petchenik and Robert Spriddell have both resigned, as Executive Vice President and Non-Executive Director respectively, with immediate effect. Arbuthnot Securities Limited has resigned as the Company's Nominated Adviser and Broker with immediate effect.
SBR will continue to monitor pending payouts and pursue information regarding account balances.
Premierbet.com currently displays the message: "Premierbet regrets our site is temporarily unavailable for essential maintenance work. We apologise for any inconvenience this may have caused and will be back as soon as possible.." yet the parent company, Interactive Gaming Holdings released a statement yesterday saying that it stopped taking wagers due to a lack of funding. IGH subsidiary, Heathorns is also off-line displaying a similar message. IGH's stock was suspended on August 17th, 2007.
Interactive Gaming Holdings PLC: The Company announces that as of today it has ceased to take bets pending clarification of the financial uncertainty notified on 17 August 2007. The Company is continuing its discussions with General Capital Venture FinanceLimited and another potential funder.
Mitchell Petchenik and Robert Spriddell have both resigned, as Executive Vice President and Non-Executive Director respectively, with immediate effect. Arbuthnot Securities Limited has resigned as the Company's Nominated Adviser and Broker with immediate effect.
SBR will continue to monitor pending payouts and pursue information regarding account balances.