..

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

Written by:
Guest
Published on:
Oct/20/2008

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

Steelers Next QB Odds and Tomlin to Raiders

Steelers Next QB Odds and Tomlin to Raiders

With Ben Roethlisberger expected to retire, it's anybody's guess who will be the next quarterback of the fabled Pittsburgh Steelers franchise.

Kamaru Usman vs. Leon Edwards Odds

Kamaru Usman vs. Leon Edwards Odds

Uncle Dana teased a headliner bout between Kamaru Usman and Leon Edwards last week, and now we finally have odds for the potential fight.

A Pennsylvania Sportsbook Is Arguing my Futures Bet on Djokovic Shouldn't be Refunded

A Pennsylvania Sportsbook Is Arguing my Futures Bet on Djokovic Shouldn't be Refunded

Posting on the SportsBookReview forum, member Thomorino writes that Pennsylvania online sportsbook Unibet refused to refund a futures bet on Novak Djokovic to win the Australian Open.  But there is a happy ending to this story.

Common Problems With Sports Betting Software for Bookies

Common Problems With Sports Betting Software for Bookies

Not all Pay Per Head sports betting software platforms are created equal.  While you have the full service Pay Per Head offerings from our friends at PricePerPlayer, there are the turnkey products that provide some bells and whistles and that's about all.

Updated 2022 NCAA Men's Basketball Championship Odds and Wooden Award

Updated 2022 NCAA Men's Basketball Championship Odds and Wooden Award

A week full of upsets saw the college basketball rankings shift drastically on Monday, but the team we view as the overall best hasn't changed since the beginning of the season.

Syndicate