World Poker Tour In Danger of Being De-Listed from NASDAQ

Written by:
Published on:

With the market taking a daily beating due to the global economy roller coaster and the pending US Presidential Election, things are not looking good for the beleaguered stock. Back in August, World Poker Tour CEO Steve Lipscomb received a letter from NASDAQ stating that WPT faced being de-listed from the stock exchange. This was due to the fact that their stock had traded below $1.00 for more than 30 days. WPT stock is currently trading at .50 per share.

With NASDAQ requiring stock to trade above $1.00 to remain listed on the exchange, the WPT is in real danger of being dropped from the giant stock exchange. At this time, the WPT has approximately 110 days to bounce the stock back. With the looming threat of this, they've announced a new interim CIO to help steer them back on track. Thomas Flahie comes from Intermix Media where he had a successful run in turning that company around.

The WPT is working on more strategic alliances with Fox and others in an effort to prop up the ailing company. However, the outlook for their success is somewhat dim at this point. Court battles with poker professionals like Greg Raymer and Chris Ferguson and fights over sponsors logos also provided unwanted negative press for the WPT brand. In order to turn the company around, perhaps the WPT can learn from past mistakes and work to move the company forward to profitability.


Source: www.aintluck.com

Gambling News

Action on Thursday Night Football Dolphins vs. Bengals was Heavy But Balanced

Action on Thursday Night Football Dolphins vs. Bengals was Heavy But Balanced

Ahead of Thursday night's game between the Dolphins and Bengals, action was "robust", according to Dave Mason of BetOnline.

How Long Could Tua Be Out?  Oddsmakers to Adjust Odds After QB Suffers Neck, Head Injuries

How Long Could Tua Be Out? Oddsmakers Await Word on QB's Status

Tagovailoa was taken off the field by stretcher after suffering a collision with Bengals nose tackle Josh Tupou.

Why Bet Against Tulane vs. the Houston Cougars

Why Bet Against Tulane vs. the Houston Cougars

Betting Alert: Tulane has gone 2-19 Straight Up since 2017 as an away dog.  That means you might want to bet the Houston Cougars this week on the moneyline, which was coming in at a decent enough price.

BetFred Handed Down Fine of Nearly £2.9m

BetFred Handed Down Fine of Nearly £2.9m

In one case, a customer reportedly lost £70,000 over a 10-hour period just a day after opening their wagering account.

Chiefs-Bucs game likely won't be played in Tampa this week

Chiefs-Bucs Week 4 Game Threatened By Ian

So last season, the New Orleans Saints began the season with a “home” game in Jacksonville in the aftermath of Hurricane Ida. In 2017, the two South Florida teams had their Week 1 encounter moved to Week 11 to avoid Hurricane Irma. In 2008, it was Hurricane Ike and the damage it caused in Houston that moved the Cincinnati Bengals-Houston Texans game.