i2Corp Worried About Short Selling
i2corp (ITOO.OB) is asking its shareholders to convert their holding in the company to certificate form based on what it believes is "substantial and persistent" short selling.
Chris Almida, president and CEO of the company, told shareholders in a press release that the short selling is apparent in the volume and price of the stock.
"Based on the volume and price activity of our stock, I believe there is a substantial short position and I would encourage all shareholders to request that their stock be converted to certificate form," he said.
Wynn Director Makes Hefty Share Purchase
Zenith National Insurance Corp. is buying 1 million shares of Wynn Resorts Ltd. for the initial offering price of $13 per share.
The chairman and chief executive of Zenith, Stanley R. Zax, is a director of the Wynn company. Steve Wynn plans to use the money raised at last week's initial public offering of Wynn Resorts to help build La Reve, a new hotel-casino on the Las Vegas Strip, as well as a new gaming resort in Macau.
CryptoLogic Conference Call Nov. 8
CryptoLogic Inc. (CRYP) will hold its third-quarter conference call on Nov. 8 at 9 a.m. EST. To hear the call, call 416-695-5806 locally or 1-800-273-9672 toll-free five to ten minutes before the call starts. The call will also be available on the company's Web site, as will a recording of the call after it has taken place.
Reports Released
Scientific Games Corp. (SGMS) is reporting third quarter revenue of $115.2 million for this year compared with $107.2 million during the same period last year. Meanwhile, EBITDA increased 16 percent to $31.3 million this year compared with $27.1 million during the third quarter last year.
Scientific Games Corp. (SGMS) - Third Quarter Report
Kerzner International Ltd. (KZL) is noting net income of $2.2 million for the third quarter, compared with a net loss of $7.5 million during the third quarter last year. The net income does not include non-recurring items and operating results from the company's Internet gambling section, Kerzner Interactive. This year's results exclude a net loss of $1.8 million attributable to Kerzner Interactive. The results include a $4.5 million option payment from Station Casinos Inc. (STN) from the restructuring of the potential sale of 50 percent of Kerzner Interactive to Station.
Kerzner International Ltd. (KZL) - Third Quarter Report
Sportingbet plc (SBC) is reporting turnover of £494.5 million for the six month period ending Sept. 30. That figure compares to the company's turnover of £293.2 million for the same time span last year. The online sports book is also noting operating profit of £2.2 million compared with £0.4 million last year.
Sportingbet plc (SBT) - Semi-Annual Report