|
Most Recent Online Casino News
Crystal Gaming Chips in With £140m Float
The Crystal Gaming Group, which runs online
casinos in South Africa and the US, is lining up to float on AIM.
The Isle of Man-based group is believed to have appointed Seymour
Pierce to advise on the listing, which is expected to put a value of
£140m on the firm.
Crystal claims to be the third-largest online casino on the basis of
the number of visits to its sites, which include Crystalpalacecasino.com.
Warren Cloud, the 32-year-old South African founder of the business,
and his family will retain a 45% stake in the company.
Despite growing scepticism in the City about online gaming
businesses and online casinos, Seymour Pierce is confident that the group’s track record —
in the 12 months to June 2005 the group made a pre-tax profit of £20.4m
— and the fact that the management are not selling shares will attract
investors.
Read the
entire article at:
The Sunday Times - UK
2005 Online Casino News
Archive
| 
