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Online Casino Gambling Group in Trouble

As the new month begins, shareholders in Interactive Gaming Holdings (IGH) are wondering just what is going wrong inside the company. IGH is an online casino gambling group that operates sites in the UK – and recent rumors in the industry are alleging that IGH’s CEO has resigned, and that they company may have other internal issues that could explain why they have yet to release last year’s year-end results to shareholders. Though the end of 2006 saw a lot of turmoil in the online casino gambling industry, IGH was not directly affected by any of the U.S. legislation and subsequent fall-out.

Which is the main reason why many are speculating as to what is going wrong internally. The rumors about CEO John Heaton are still unsubstantiated, but some think that his resignation could signal deeper problems than the company is letting on at this point. And many in the online casinos gambling industry are wondering just why the company has released a statement concerning the recent rumors and reports.

Just last week the company reported that it has borrowed money from the General Capital Venture loan company. And when taking that into consideration, the online casino industry, and particularly the company’s shareholders are worried.

But the online casinos gambling group has acknowledged that the public is concerned with IGH’s standing, and in a move to protect the company, and because it is no longer operating in compliance with the regulations, IGH has suspended AIM trading.