LASSETERS FUNDING HASSLES CAUSES SUSPENSION OF TRADING

19 September 2008

Management voluntarily suspends shares


The parent group of Australian online gambling group Lasseters.com has announced the voluntary suspension of trading in its shares on the Australian Stock Market, citing uncertainty of funding from Lasseters International Holdings Limited.

The suspension will last for one month or until Lasseters and its parent company can come to an agreement.

Last week the company revealed a 49 percent decline in operating revenue from the previous year and said poor results continued to illustrate the 2006 Unlawful Internet Gambling Enforcement Act’s impact on the firm (see previous InfoPowa report).

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