Despite the efforts of co-CEOs Jim Ryan and Norbert Teufelberger to remain optimistic by claiming that the suspension of Full Tilt Poker’s operating license would improve player numbers and average daily revenues, the bottom line is that all is not well.
Today, bwin.party announced that it purchased, through Numis Securities Limited, 291,935 of its ordinary shares for cancellation at an average price of 113.02 pence per share. According to the announcement, the highest price paid was 115.60 pence per share and the lowest price paid was 111.40 pence per share.
Bwin.party has now bought back 1,425,760 shares for cancellation, since 6 September 2011 when the buy-back programme commenced leaving the total number of bwin.party shares still in issue at 851,483,511, with the total number of voting rights in issue at 847,276,431.