First Premierbet's slow-pay complaint comes in

First Premierbet's slow-pay complaint comes in. Player reports he has been waiting to receive a payment since June 11. Other players on a popular betting forum report similar delays.
General Capital Venture Finance, the company that provided Interactive Gaming Holdings (Premierbet's parent company) with a £600,000 credit facility in May, has exercised 10 million warrants to subscribe for shares at 2.5p a share. General Capital Venture Finance has also requested the appointment of a non-executive director to represent its interests on the IGH board.
Premierbet downgraded to 2.5- (2) as Bookmakers Review continues to watch the situation closely.

Date published: 03 July 2007


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