Devilfish Gaming suspends shares.

September 22, 2010 - by Jaymac · Filed Under online bingo news Leave a Comment 

In a move that didn’t come as a massive surprise to the industry Devilfish Gaming plc, the parent company of various Devilfish online gaming websites, has put in a request for its shares to be suspended “pending clarification of its financial position.” The company was re-launched in March 2008 and has sites which include online bingo, online casino and online poker. It is listed on London’s PLUS market and has been the subject of media speculation that it was experiencing financial difficulties.

Several reports previously released this year, from an assortment of online gaming companies, have suggested that revenue from online poker sites is in decline. This has not been helped by several claims of cheating on various online poker sites which certainly does not help to attract players and makes existing ones very cautious. This is somthing that we take into account when we look at our new bingo sites.

The board of Devilfish Gaming Plc released a statement saying; “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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