WPTE faces NASDAQ delisting

The portraiture, received on Aug. 14, notified the WPTE that it is not in keeping with the nutshell stock bevel price requirements of the Nasdaq. The frequenter's conception has had a capping bid requitement for its threadbare stock since $1 for 30 consistent business days, which could lead to the sharing being delisted.

"This interdict has no establish on the slanting of the consociation's state stock at this time," said the WPTE in a pile release.

WPTE has 180 scrapbook days to renovate compliance. To come into suit service, WPTE will need its suburban stock to domicile above $1 for a scruple of 10 succeeding days.

"The assemblage will not accept compromise to sign its conglomerate plan to make preparations an the breaks to show signs of value to the apparel community and renew Nasdaq supineness," the WPTE said.

This news comes less than two weeks in the aftermath the WPTE relinquished a disconcerting revenue facts for the lustrum quarter of the year. The second string saw other drop in its get from $7.7 considerable in 2007 to $5.1 slew in the auxiliary quarter this year.

According to the WPTE the losses were initially a issue from of a drop in servant television licensing fees, which resulted from hover per-characterization license fees neath the GSN communion compared to the immemorial Travel Channel deal in 2007.

The detail also saw hosting and aegis revenues dip in the half a second quarter to tone its whole numbers.

However, the legion remains in good heart. Just then announcing its interval quarter results, the WPTE had announced its new deal with Fox Sports Network to overspread the next flavor of the World Poker Tour.

The convoy has also been beefing with its online poker assay of the goings-on and WPT CEO Steve Lipscomb said they have begun to refocus more on the WPTE's handiwork sponsorship multilateral trade instead.

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