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Gaming Insight suspended itself from trading on AIM 2003-06-12
The shares of the interactive gambling company called "Gaming Insight" has decided to take of it's shares from trading AIM until it's financial position will be solved. From trading its shares at 80p in the year 2000, the company has gone down to 1.05p for each share. The company also holds debts of 2.8 million to creditors while its debt was 265,000 at the beginning of the year. Part of the reason for the bad situation the company is facing at the moment has to do with the failure of a joint project with Victor Chandler to develop a greyhound racing venture called Red Bet Racing". The plan didn't go as well as expected and the software group Kismet International said they believe it could be done in a better way. The whole incident happened two months ago but still the hit was very strong. Last year, the group had secured a deal to deliver its digital greyhound racing channel along with NSAB, the Scandinavian broadcaster T.V. The project worked but could work better as their spokesman defined it.
(By Liat)