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Gambling-industry marketing company Veltyco Group said it was accruing its directors' salaries after weak revenue in June put further strain on its capital position.
The company said revenue in June for its combined sportsbook and casino operations were lower than management expectations, due to a large customer win, impacting its available cash resources.
Consequently, Veltyco said it continued to be reliant on being able to manage its creditors and that it still expected that further funding would be required.
'Whilst the group has a number of ongoing discussions with regards to potential funding options there is no certainty that such funding will be available and/or the terms of such funding,' it said.
'In addition, following the lower-than-anticipated revenues in June, the board has taken the decision to accrue directors' salaries going forward.'
At 1:05pm: (LON:VLTY) Veltyco Group Plc share price was -0.88p at 2.5p