23-08-2007 LGA asks Interactive Gaming Holdings to come up with an immediate solution for Heathorns

Mario Galea, Chief Executive of the Lotteries and Gaming Authority, told Bookmakers Review that Heathorns as an operator is still in good standing, however as the parent company Interactive Gaming Holdings is not in good financial health, the LGA requested IGH to come up with an immediate solution in order to safeguard Heathorns' interests.

In related news, the Racing Post revealed that outgoing Heathorns director Andy Collins sent a message to over 1,000 customers warning them their funds could be at risk.

"I saw the signs and I felt I was obliged to let the clients know that there were danger signals," Collins, who managed the credit betting arm of Heathorns, told the Racing Post, adding that he would now be seeking employment within an organization that makes customer-care a high priority.

Heathorns, the world's oldest bookmaker establisihed in 1890, had been acquired by IGH in March 2005. IGH also owns a network of over 1,100 portals and gaming sites used to drive traffic to Heathorns and Premierbet, the betting site launched in 2002 by pro gambler Tony Bloom and acquired by the AIM-listed company in August 2005.