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But no reasons given as company announces move to Malta
The rumour earlier this week that Interactive Gaming Holdings (IGH) chief executive John Heaton had resigned from the company was confirmed today (Tuesday) by the company, although no reasons were given for his decision. Chairman Thomas Taulé will look after the day-to-day operations of IGH following Heaton's departure.
A statement from the company revealed that it is soon to relocate all of its operations to Malta, “....a location with a more defined regulatory environment”. The company has an operational base in Malta and observers said that such a move could reduce costs significantly.
Shares in the company remained suspended on the London exchange.
IGH operates British online bookies Premier Bet and Heathorns, and delayed publication of its annual results last week on grounds that it had been unable to despatch these to its shareholders "due to unforeseen logistical issues." Consequently, the company is out of compliance with AIM regulations that require its listed companies to send shareholders year-end results no later than six months after the end of a financial year. |
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