Login/Register
NetEnt
NetEnt
Solitics
BigTimeGaming

Intrade unable to cover customer deposits; may liquidate

8th April 2013 8:48 am GMT

Dublin-based online betting site Intrade has warned customers that it may have to enter liquidation after discovering a US$700,000 shortfall in funds to cover customer deposits.

Intrade director Ronald Bernstein said “it appears that the company is in a cash ‘shortfall’ position of approximately $700,000 when comparing all cash on hand in company and member bank accounts with member account balances on the Exchange system".  

“If the company is not able to rectify this cash shortfall [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Pragmatic Play
Skywind
Greentube
EveryMatrix
Playtech
Solitics