Gaming Bourse's Fate to Be Decided This Week
Investors in The Gaming Bourse will meet sometime this week to discuss what shall become of the company. The company stated in May that it hoped to raise £5 million by floating on the Alternative Investments Market, but then announced in June that it had abandoned those plans. After developing its own betting exchange and then launching Punt2punt.com for a brief time, The Gaming Bourse ceased operating at the end of August because of a lack of financial backing. They company could opt to sell its betting exchange technology.
Betbull Lists on Vienna Stock Exchange
The European Betting Exchange Plc, also known as Betbull (BETB.VI), has published the final terms of an offering in conjunction with the listing of its securities on the Vienna Stock Exchange. The company will probably raise about 14.7 million euros by listing on the exchange. It will offer 2.1 million ordinary shares to investors at 7 euros each. Betbull is a joint venture between CES Software Plc (FUN.TO) and BETandWIN Interactive Entertainment AG (BWIN.VI). CES Software began trading on the Toronto Stock Exchange last week.
Tattersall's Float Delayed
The anticipated $2 billion float of Victorian gambling business Tattersall's has been delayed because the company needs more time to complete a restructure of the trust. The company is now waiting on the decision of rulings from the Australian Taxation Office and Supreme Court proceedings, both of which are in early stages. A float in early 2005 now seems much more probable that one at the end of 2004.
GTECH Pays Quarterly Dividend
Lottery products provider GTECH Holdings Corporation (GTK) has announced that it will pay a quarterly cash dividend of $0.085 per share on its common stock on Oct. 29 to shareholders on record as of Oct. 15.
Upcoming Reports
Scientific Games Corporation will announce its third quarter and nine months financial report on Nov. 2. A conference call is scheduled for the same day. For information, visit www.scientificgames.com.