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Most Recent Online Casino News
Online Gambling Site Party Gaming to Float IPO
In a move likely to have reverberations across the
Web, online poker site PartyGaming has filed for what could be one of
the largest initial public offerings in the recent history of the London
Stock Exchange.
PartyGaming, which is based in Gibraltar, said it will seek to stage
its IPO by the end of June, with shareholders selling some 23 percent of
the shares up for sale. Estimates of how much the float will raise vary
widely, with some projections saying the sale could value the company at
between US$8 billion and $11 billion, making it one of the largest
publicly traded concerns in the UK.
The firm's reach is global, including into the United States, where
its PartyPoker site has seen a surge in popularity amid the
poker-playing craze fueled by televised high-stakes tournaments and the
ease of playing online. It also operates sites such as the Starluck
Casino and PartyBingo.
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2004 Online Casino News Archive
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