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PBL shuts down online gaming businessThe Kerry Packer-controlled...

  1. AlphaCenturian
    10,543 Posts.
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    06/05/03
    17:49
    Post #: 167691

    PBL shuts down online gaming business

    The Kerry Packer-controlled Publishing and Broadcasting Limited (PBL) says it has shut down its online gaming business.

    It says operations ceased yesterday.

    PBL says the closure follows a period of major regulatory change in the global online gaming environment.

    Chief executive officer Peter Yates says PBL has taken the view that its online gambling business will not break even this financial year.

    He says it is now unlikely to achieve the scale necessary to contribute meaningfully to the group's profitability.
    PBL Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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