Time Running Short for IGH -- After suspending trading in its shares last week, Interactive Gaming Holdings has this morning suspended betting operations pending clarification of its financial position. Click here for the full story.
Dynasty Board Director Resigns -- Canada-based software developer Dynasty Gaming has announced the resignation of Robert Nihon, who had helmed the company's board since the first of the year. Dynasty chief executive Albert Barbusci said of the resignation: "Robert's decision to resign is the result of the recent death of his father, Robert Nihon Sr., and the urgent need to assume a leadership role in the family's business."
Another Take -- Gaming Intelligence Group, however, notes that sources close to the company report that Nihon's resignation is an indication of "ongoing turmoil at the company." The news source quotes one Dynasty investor as saying that after its deal with 95Joy in May, "Dynasty decided it did not want to be a software company, which led to the resignation of its CIO. Dynasty did nothing with its license to market in China and the tournament was cancelled. Today, we have no software, no revenue, possibly no license, and following the departure of the CFO, little gaming experience within management." Shares in Toronto-listed Dynasty are currently trading at CA $0.19, and have fallen steadily from their 52-week high, CA $1.10, in January.
Attention UK Sportsmen -- The BBC reports that the U.K. Professional Players Association has launched a code to ensure all the country's professional athletes are aware of the laws set out in the Gambling Act, set to be effected Sept. 1. Cheating, or helping to cheat, the report says, will carry a maximum two-year jail term. Gordon Taylor, chief executive of the Professional Footballers' Association, was supportive of the initiative. "It is essential that sport works together to combat the problems that new gambling opportunities bring," he said.
Date Set -- In his blog, Betcha.com founder Nicholas Jenkins reports that the extradition hearing involving he, two Betcha employees and the Louisiana I-gaming statutes the three allegedly violated is scheduled for Sept. 5 in King County Court in Washington state.
Stock Watch -- On the LSE, Ladbrokes--after gaining 10p on Monday--was up 11p to 394, Neteller was up 7.50p to 72 and Sportingbet was up 2.75p to 40.75. In Vienna, bwin was down 0.16 euros to 17.60, while in Stockholm, Unibet was down SEK 0.50 to SEK 183.50.