32Red Plc shares suspended

Shares in the online gambling group 32Red Plc have been suspended from trading on the alternative Investment Market (AIM) this morning after the company’s failure to release its interim results for the six months ended in June 30th 2007.

The company put the failure down to its proposed sale of it’s flagging online sportsbook, Bet Direct, which has proved to be some what of a hot potato.

A statement from the company to the London Stock Exchange read: “The company expects that the half-yearly report will be published when there is greater clarity in relation to the sales process.”

Bet Direct has been up for sale for some time, and even though the company are in negotiations with an interested party, putting a value on the loss-marking business has proved hard-work.

Editor, Jackpot.co.uk - 2007-09-28 11:28:29




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