Interactive Gaming Holdings (IGH), the Malta-based operator, has, contrary to Wednesday's announcement, not secured the £400,000 sought from General Capital Venture Finance (GCVF) to fund its working capital requirements.
IGH said moreover that trading in its London-listed shares would be suspended indefinitely, "pending clarity of its financial position."
Today's suspension marks the second in less than three months, as, on June 1, IGH put the brakes on trading after failing to publish its annual results.
The results, released June 26, showed a loss of £2 million--in addition to the £2.3 million lost during FY 2005.
In its year-end statement, however, the company opted to stress the marked gain in turnover--£8.1 million to £32.9 million--which, it said, was fueled primarily by its acquisitions.
In 2005, the company expanded its bookmaking business with the acquisitions of Heathorns (March) and Premier Bet (August).
Prior the suspension, announced early this morning, IGH shares were valued at 1.5p. IGH share value peaked at 11p near the end of 2004.
Financial news service Hemscott editorializes: "This could be the end of the road for [IGH] as its almost worthless shares are suspended from trading on AIM."