14th of September 2010 Author: Glo Wood
Is Devilfish Gaming plc in financial difficulty?
Devilfish Gaming plc, a London-listed company bearing the nom-de-plume of international poker ace David 'Devilfish' Ulliot, has requested its stock exchange to suspend trading in its ordinary shares pending clarification of its financial position.
The notification advises that the Devilfish board of directors is currently in discussions with its advisers regarding options for either selling or restructuring the company and possible sources of new working capital.
Founded in 2007, Devilfish operates internet poker (Entraction), casino (NetEnt) and Bingo (Parlay) venues, along with a social networking forum and B2B businesses in services and brand licensing.
One of its founding directors, financier Kevin Leech, resigned due to ill-health in August this year.
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