5050 Poker To Delist From Swedish Stock ExchangeSwedish-Based Online Poker Operator Fails To Sell After Dispute With Microgaming |
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5050 Poker has failed to find a buyer and will delist from the Swedish NASDAQ OMX stock exchange on Friday July 20.
In a short statement yesterday the company said, “After the application to be delisted by 5050 Poker Holding AB (publ), NASDAQ OMX has decided that trading in the 5050 Poker Holding shares on First North will cease. The last trading day will be Friday the 20th of July 2012.”
The company was removed from the Microgaming network last month and a war of words ensued between the two parties. As a result 5050 Poker ceased trading and went into liquidation saying players would lose at least 85 percent of their bankrolls on the site.
Earlier this week the company confirmed it had been trying to sell its poker operation but to no avail. It said, “Since the gaming operations in 5050 Poker Ltd. ceased, negotiations was opened on potential acquisitions of 5050 Poker Holding AB. But as of yesterday these negotiations have ended without leading to any changes in the situation of its shareholders.
“In order to improve the players’ situation there are discussions with other potential stakeholders with an interest in 5050 Poker Ltd. The company hopes that these discussions will result in an improvement of the players’ ability to recover a greater amount of their claims on 5050 Poker Ltd.”
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