Bankrupt online poker and betting site 5050Poker has announced that it has been de-listed from the Swedish NASDAQ First North Exchange.
A company statement released on Tuesday noted that the firm's last day of public trading would be on Friday July 20th. With the company's bankruptcy 5050Poker will now head through a liquidation process wherein players are expected to only get 15 cents on the dollar for their current positive balances.
A company statement on the matter read:
“In order to improve the players’ situation there are discussions with other potential stakeholders with an interest in 5050 Poker Ltd. The company hopes that these discussions will result in an improvement of the players’ ability to recover a greater amount of their claims on 5050 Poker Ltd.”