Two Internet gaming companies today announced forward stock splits. Both United Casino Corp. and Poker.com are offering shareholders three-for-one terms.
United Casino's split was accompanied by additional announcements: a new name for the company and new board members. United President Norman Wright says the company's new name, United Trading.Com, "conveys clearly a sense of the company's current business." Wright, along with Ian Anderson and Gary Tate, was named to the company's board of directors.
Poker.com's CEO Michael Jackson praised his company's plans for a split. "We believe that this stock split should help to broaden ownership of 'PKER' shares," he said, "and to add to the ever growing list of investors who show strong confidence and loyalty in this stock." The new shares will be distributed on August 16 to those owning shares at the close of business on August 4.
Both companies are traded over the counter below the five-dollar mark. United's shares were trading at 2-1/2 today, with a slight downward turn in price. Trading opened at 1-3/16 for Poker.com, which saw a slight improvement during the day.